Marlboro maker Altria Group said on Monday it had received a request for additio...
A woman smokes a Juul e-cigarette in New York, U.S., September 27, 2018. REUTERS/Brendan McDermid
Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as per the terms of the investment agreement. The proposal would give Altria the right to nominate directors representing a third of Juul’s board. The company will otherwise remain independent.
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