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Which tobacco company will be most financially impacted by the settlement by mid-2025?
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Resolution / Starting Odds
British American Tobacco • 25%
Philip Morris International • 25%
Japan Tobacco Inc. • 25%
All equally impacted • 25%
Financial reports and statements from the companies involved
Story
BAT, Philip Morris, Japan Tobacco Near Historic $32.5B Settlement in Canada Tobacco Litigation
Oct 18, 2024, 08:07 AM
Three of the world's largest tobacco companies—British American Tobacco Plc (BAT), Philip Morris International Inc., and Japan Tobacco Inc.—are close to reaching a historic settlement in Canada. The proposed deal, valued at $32.5 billion Canadian dollars ($23.6 billion USD), would see the companies pay Canadian provinces and smokers to resolve longstanding litigation over tobacco-related health claims. The settlement was proposed by a court-appointed mediator under the Companies' Creditors Arrangement Act (CCAA) process and involves BAT's Canadian subsidiary Imperial Tobacco Canada Ltd., Philip Morris's subsidiary Rothmans, Benson & Hedges Inc. (RBH), and JTI-Macdonald Corp. Following the announcement, BAT shares fell 2.2%. The settlement aims to address allegations that the companies concealed information about the health risks of smoking. If approved, this would be one of the largest settlements in Canadian legal history, ending years of negotiations and lawsuits.
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Philip Morris pays the most • 25%
BAT pays the most • 25%
JTI pays the most • 25%
Equal distribution among companies • 25%
Significant increase • 25%
Significant decrease • 25%
No significant change • 25%
Volatile changes • 25%
Mostly positive • 25%
Mostly negative • 25%
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Indifferent • 25%
Less than $25B • 25%
$25B to $30B • 25%
$30B to $32.5B • 25%
More than $32.5B • 25%
Yes • 50%
No • 50%
Unilever • 25%
WPP • 25%
GARM • 25%
WFA • 25%
CVS Health • 25%
Mars • 25%
Orsted • 25%
GroupM • 25%
Yes • 50%
No • 50%