---
schema_version: "secwatch.filing_event.v1"
accession: "0000764180-23-000089"
form_type: "8-K"
ticker: "MO"
cik: "0000764180"
company_name: "ALTRIA GROUP, INC."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:59:41.973360+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Altria completes $2.75B NJOY acquisition; updates 2023 EPS guidance to $4.89-$5.03

## Summary
- Completed acquisition of NJOY for ~$2.75B cash; up to $500M additional contingent on FDA approvals for certain NJOY products.
- Funded via $2B term loan, commercial paper and cash; expects $1.7B from PMI by July 15 to repay term loan.
- NJOY ACE is only pod-based e-vapor with FDA market authorization; will be marketed by new NJOY LLC led by Shannon Leistra.
- Initial ACE expansion in ~70,000 U.S. retail stores representing ~70% of e-vapor volume; distribution via Altria Group Distribution Company.
- 2023 adjusted EPS guidance raised to $4.89-$5.03 (1-4% growth) including $50M amortization and investments in smoke-free products.

## SEC filing metadata
- accession: 0000764180-23-000089
- form_type: 8-K
- ticker: MO
- cik: 0000764180
- company_name: ALTRIA GROUP, INC.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764180/000076418023000089/0000764180-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764180/000076418023000089/mo-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764180-23-000089
- JSON: https://secwatch.observer/filing/0000764180-23-000089.json
- Plain text: https://secwatch.observer/filing/0000764180-23-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.