1. Activist investor Elliott Raises Swedish Match Stake

    Activist investor Elliott Raises Swedish Match Stake

    Elliott Management Corp has raised its stake in Swedish Match (SWMA.ST) to 7.25% from 5.5%, the activist investor said in a disclosure Friday, putting pressure on Marlboro-maker Philip Morris International (PM.N) to raise its bid for the group. Philip Morris in May offered to buy the Stockholm-based maker of Zyn in a $16 billion bet on the fast-growing market for cigarette alternatives...

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