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Breaking Up Is Hard To Do
There are numerous examples of a company splitting into separate companies. Of course, splitting up may not always be the best option. For example, earlier this month, CBS and Viacom announced terms of a a merger deal 13 years after the companies had split. Now, Phillip Morris and Altria are in talks to merge. The companies had split in 2008, but declining tobacco sales, coupled with the diversification of the companies into other areas such as vape pens and cannabis have made a merger seem advantageous.
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