Who were the shares of PMI given to at the time of its spin-off from Altria?
Public
Altria shareholders
PMI employees
Government
Answer
At the time of its spin-off from Altria in March 2008, the shares of Philip Morris International were given to the shareholders in Altria. This was part of the process of making PMI an independent company.
Smoke and Mirrors: How Well Do You Know Philip Morris International?