Altria sells 35M ABI shares, reduces stake to ~8.1%; launches $2.4B ASR

ALTRIA GROUP, INC.

Sold 35M ABI ordinary shares (12.25M ADS at $59.9625/share; 22.75M ordinary at €54.76575/share) in secondary offering.
Repurchased $200M of ABI shares from ABI at $59.9625/share, closing March 19.
Post-transactions, Altria owns ~159M ABI shares (~8.1% from ~10% as of March 13).
Entered $2.4B accelerated share repurchase (ASR) of Altria common stock; received ~85% of repurchase price initially.
ASR expected to settle by June 30, 2024; total repurchase program expanded to $3.4B.

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