Altria Group Inc. (MO) acquired a 35% stake in e-cigarette company JUUL Labs Inc. (JUUL) through a $12.8 billion investment that values JUUL at $38 billion. JUUL will continue to operate as an independent company. As per the terms of the deal, Altria is subject to a standstill agreement which restricts it from acquiring additional … Continue reading Altria announces minority stake in JUUL and cost reduction plans