(Reuters) -E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Juul, which was reportedly looking to file for Chapter 11 bankruptcy, has had separate discussions with Philip Morris International Inc, Japan Tobacco Group and Altria Group Inc, the report said.
A deal is not imminent and the discussions may not result in a sale or partnership, the people told the Journal.
The company, partly owned by Marlboro maker Altria, declined to comment.
Juul reached late-stage talks with Altria last fall on a potential deal to sell its international business or license its U.S. intellectual property but the talks fell apart in September due to a potential bankruptcy filing, people familiar with the discussions told the Journal.
The company has resumed discussions with Altria, the people added.
In September, Altria exercised the option to be released from its non-compete deal with Juul almost four years after buying a 35% stake in the company.
The once red-hot vaping company is currently facing thousands of lawsuits filed across the United States over claims that it deceptively marketed e-cigarettes and contributed to rising tobacco use amongst youth.
Last week, Juul secured preliminary court approval of a $255 million settlement resolving the claims by consumers.
Juul said in July it was in the early stages of exploring options including financing alternatives amid the lawsuits.
But later in November, the company secured an investment from some of its early investors to stay in business.
The U.S. Food and Drug Administration (FDA) in June briefly banned Juul's e-cigarettes, though it later put the order on hold following an appeal.
(Reporting by Ananya Mariam Rajesh and Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila and Maju Samuel)
Vapor Dubai(2023-02-16 13:24:19Z)
One of the best options is JUUL Pods Dubai. For smokers looking to make the switch to a safer alternative. It’s simple to use, compact and unobtrusive, and delicious. Don’t give up on your desire to stop. In the Vapor Dubai shop, we have a wide variety of Juul Dubai pods and devices.REPLY
Vapor Dubai(2023-02-16 13:25:40Z)
lanoxin 250 mg over the counter lanoxin 250 mg brand molnupiravir 200mg ukREPLY
purchase diamox sale imdur 20mg cheap azathioprine 50mg drugREPLY
lanoxin 250mg without prescription digoxin 250 mg sale molnunat 200mg for saleREPLY
buy alendronate 35mg generic fosamax 70mg uk motrin priceREPLY
priligy order order priligy 30mg generic buy generic domperidoneREPLY
cheap nortriptyline buy nortriptyline online paxil buy onlineREPLY
purchase indocin without prescription flomax cheap generic cenforce 100mgREPLY
order famotidine for sale remeron 15mg oral order mirtazapine 30mg for saleREPLY
order doxycycline generic purchase doxycycline without prescription buy medrolREPLY
buy tadacip 10mg online order plavix 150mg without prescription amoxicillin order onlineREPLY
order fenofibrate 200mg for sale buy viagra 100mg for sale order sildenafil 100mg saleREPLY
esomeprazole order buy nexium without prescription order lasix 40mg genericREPLY
cialis 5mg cost Generic cialis usa buy viagra tabletsREPLY
minocycline without prescription cost minocycline 50mg purchase hytrin without prescriptionREPLY
cialis pills 10mg causes of erectile dysfunction where to buy ed pillsREPLY
metformin 500mg over the counter nolvadex 10mg canada tamoxifen 10mg oralREPLY
clomiphene 100mg oral order prednisolone 10mg generic prednisolone 10mg without prescriptionREPLY
deltasone ca amoxicillin 250mg pills amoxicillin 1000mg costREPLY
This result, however, wasn t found in high risk postmenopausal women tamoxifen citrate for sale The 5 year survival rate of ovarian cancer is less than 50REPLY
accutane 20mg pills accutane 10mg price ampicillin antibioticREPLY
fildena 50mg cheap order propecia propecia 5mg canadaREPLY
buy stromectol usa stromectol 3mg uk brand deltasoneREPLY
ondansetron 8mg ca order bactrim 480mg without prescription bactrim 480mg tabletREPLY
isotretinoin 40mg tablet isotretinoin buy online zithromax 250mg caREPLY
cost ventolin 2mg ventolin inhalator buy online amoxiclav priceREPLY
order prednisolone online cheap lasix 40mg over the counter furosemide usaREPLY
modafinil 200mg sale zestril 2.5mg usa lopressor 50mg canadaREPLY
order dutasteride online cheap orlistat usa purchase orlistat genericREPLY