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![Swedish Match recommends shareholders accept Philip Morris' sweetened offer](https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9Q0UP_L.jpg)
© Reuters. FILE PHOTO: A Swedish Match idea retailer for the tobacco group’s moist powder tobacco “snus” in Stockholm, Sweden October 24, 2018. REUTERS/Anna Ringstrom/File Picture
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![Swedish Match recommends shareholders accept Philip Morris' sweetened offer](https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9Q0UP_L.jpg)
© Reuters. FILE PHOTO: A Swedish Match idea retailer for the tobacco group’s moist powder tobacco “snus” in Stockholm, Sweden October 24, 2018. REUTERS/Anna Ringstrom/File Picture
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(Reuters) – Tobacco firm Swedish Match AB on Thursday really helpful that shareholders settle for Marlboro maker Philip Morris Worldwide Inc (NYSE:)’s raised buyout bid for the corporate.
Though Philip Morris raised its bid by greater than 9% to 116 Swedish crowns per share earlier this month and known as that its “finest and closing value”, it had been met with some opposition from Swedish Match shareholders.