secwatch.observer — SEC 8-K summary
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Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001193125-24-067555
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000119312524067555/0001193125-24-067555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000119312524067555/d666855d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-067555

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