Altria sells $2.4B of ABI shares, boosts buyback by $2.4B, raises FY2024 EPS guidance

ALTRIA GROUP, INC.

Sold 35M ABI shares at $61.50/ADS plus $200M direct ABI repurchase; total ~$2.4B.
Expanded share repurchase program by $2.4B to total $3.4B; expects completion by Dec 31, 2024.
Remaining ABI stake ~8.1% (7.8% if underwriters' option exercised); two board seats until 2025 AGM.
2024 adjusted EPS guidance raised to $5.05-$5.17 (2-4.5% growth from $4.95); accretion expected.
Estimated Q1 gain of ~$0.12/sh from ABI sale; Q2 gain of $1.17/sh from IQOS sale excluded from guidance.

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