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Burning paper

20 July 2021 By Lauren Silva Laughlin

The Marlboro maker agreed to sell a wine business for $1.2 bln and is sitting on $13 bln worth of shares in A-B Inbev, from a previous sale of Miller Brewing. Exiting that in October, when it can, makes sense especially given Altria’s habit of splurging at shareholders’ expense.

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