ADVFN - Advanced Financial Network.
HOME» NYSE » A » MO Stock Price » MO Stock News

Altria Share News

 Altria Grp. Stock Price
MO Stock Price
 Altria Grp. Stock Chart
MO Stock Chart
 Altria Grp. Stock News
MO Stock News
 Altria Grp. Company Information
MO Company Information
 Altria Grp. Stock Trades
MO Stock Trades

Altria Plans To Buy Back Up to $2 Billion in Debt

By Tess Stynes Altria Group Inc. (MO) unveiled plans to buy back as much as $2 billion of its long-term debt, as well as plans to issue new debt. The maker of Marlboro and other cigarette brands is planning to buy back a portion of four series of notes with a total principal outstanding of about $8.3 billion. Altria's $5.3 billion in two series of notes that come due in 2018 and 2019 will be given first priority. It is also offering to buy back $3 billion of notes in two series maturing in 2038 and 2039, which will have second priority and a limit of $500 million. The company didn't disclose the size of the new notes offer. Altria expects to post charges of 33 cents a share in the third quarter related to the debt tender offer. The company also affirmed its 2012 adjusted earnings guidance and expectations that adjusted earnings will moderate in the second half of the year from the first half of 2012, and that adjusted results in the fourth quarter will be stronger than in the third quarter. Altria last month reported that its second-quarter earnings more than doubled on higher smokeless volume and as domestic cigarette shipments outperformed the broader industry, while the prior-year period included a steep tax-related charge. Shares recently fell 0.2% to $35.86 premarket. The stock is up nearly 39% in the past 52 weeks. Write to Tess Stynes at Subscribe to WSJ:

Stock News for Altria (MO)
10/21/201617:10:20Current Report Filing (8-k)
10/21/201616:55:00Altria Announces Increased Ownership of Anheuser-Busch InBev
10/19/201609:20:00Reynolds American CEO to Leave Role at Year's End
10/13/201610:30:00Altria to Host Webcast of 2016 Third-Quarter Results
10/12/201603:08:00Altria Faces Lower Beer Stake -- WSJ
10/11/201616:30:00Altria Gets 2 Seats on AB InBev Board After Deal Closes -- Update
10/11/201610:10:00As Anheuser-Busch, SABMiller Deal Closes, Altria Details Impact
10/11/201609:45:00As Anheuser-Busch, SABMiller Deal Closes, Altria Details Impact
10/11/201608:32:38Current Report Filing (8-k)
10/11/201608:15:00Altria Becomes Significant Shareholder in Anheuser-Busch InBev;...
10/04/201616:00:37Statement of Changes in Beneficial Ownership (4)
10/04/201615:51:11Statement of Changes in Beneficial Ownership (4)
10/04/201615:46:49Statement of Changes in Beneficial Ownership (4)
10/04/201615:42:48Statement of Changes in Beneficial Ownership (4)
09/29/201603:03:00Investors Approve Brewing Megadeal -- WSJ
09/28/201610:01:00SABMiller, AB InBev Shareholders Approve Merger -- 2nd Update
09/28/201607:30:00SABMiller, AB InBev Shareholders Approve Merger
09/28/201607:06:00SABMiller, AB InBev Shareholders Approve Merger -- Update
09/22/201615:15:00Altria Announces Consummation of Cash Tender Offer and Final...
09/20/201609:12:56Current Report Filing (8-k)

Altria and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations