secwatch.observer — SEC 8-K summary
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Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001193125-24-071340
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000119312524071340/0001193125-24-071340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000119312524071340/d788794d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-071340

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer