Philip Morris, RJR Request NPM Adjustment for 2004

Albanese, Elizabet
May 2006
Bond Buyer;5/9/2006, Vol. 356 Issue 32377, p29
Trade Publication
The article reports on the plan of Philip Morris USA Inc. and R.J. Reynolds Tobacco Co. to seek reduced Master Settlement Agreement payments to states. Philip Morris and R.J. Reynolds cited market share losses in 2004 to companies that did not sign the agreement. The article discusses the implications for tobacco bond issuers.


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