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Altria investment means big payday for Juul employees

Published 12/20/2018, 10:23 AM
© Reuters.  Altria investment means big payday for Juul employees
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  • CNBC reports Juul's (JUUL) 1.5K employees will earn a $2B dividend as part of Altria's (MO -4%) $12.8B investment.
  • Doing that math, that averages out to $1.3M (NYSE:MMM) for each worker, though the amount each receives is sure to quite a bit different from that figure.
  • Stifel bull Chris Growe doesn't sound too impressed with the overall deal, noting the steep price MO is paying means a decent return could be difficult.
  • Previously: Altria seals deal for stake in Juul Labs (Dec. 20)
  • Now read: Altria And Philip Morris (NYSE:PM): The Case For A Marlboro Merger


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