Morris Buyback Likelier BBN  16:36 Philip Business Split, Analysts Say Than {Ela8gbeEg' April While Philip Morris New York 15 Cos Rooking into it's spl food and tobacco operations says at buybicg likely; separate companies analysts share more Faya split's) Bernsesf 7 8313 to happen don think "I now Sanford Ki3i said Cary Ellen Black Phelps analyst Baras spinoff agreed: "We doubt that actually Co. occur stock buyback would Other analysts backed that view saying to shareholder value Black and Marc Cohen cheaper way boost peedsita Morris Goldman others said they think Philip is among likely repurobasec stock program Philip Morris probably buying 800 0o0 shares week nore today terort is likely already Black wrote in and announce had 878 million big new buyback program The summer company outstand 1993 3.18 from ing at the of down year end shares earlier Philadespltt would protect the food side_ brands include whose especlahl and Miller from cheese Oscar neats beer crean problems the government the tobacco de on a5 considedivbarorng iooRinducts ing or restrict the of tobacco at said irp "the most ortant re area we speaking Szosfaeyopibl8n vice_president , Phi Morr executive on "Ric ing CWBC focus that ght now we re upon the Bible declined speculate of such His on chances move confirmed Financial Times comments came day after the company is looking_ that its board at separation other and report increase alternatives shareholder value Philip rejected such But Morris has considered and aZooastn division in the past said oniy porderRng It the and tobacco such not concern eebecarl cigarette Nabisco though . In late No maker move Holdingsocorp Eschooge told che and Commission it'9 idering split off its lines again cons trying in Price Drop Share fonetkie? tea?fges its Eor Philip Morris do to The need up analysts Ehat the stock night said the abate noise Washington driven too far Pri has own Share ces the two months ince U.S Food Tobacco shares have tumb in 33373 Gdouna indicated that tonsider and strat commi David Kessler oner e3he2gu58i858 {egutives dehliip hockis veesfron lead ban Exe tobacconconpaniea on other yesterday made their first and Six comnerce health and House Energy before the and appearance provide cozfaea studies environment subcomnittee internal and qualities addictive the of ni biggent producer world'5 in Philip Morris the tobacco Shares trading today in 1/4 Jan. 31 have fallen to 50 up on 1 Virginia slins Merit cigarettes and The sells Marlboro company others among
BBN  16:36 Philip Morris Buyback Likelier Than Business Split, Analysts Say New York April 15 While Philip Morris Cos says it's Rooking at spl {Ela8gbeEg' food and tobacco operations into separate companies analysts share buybicg more Faya likely; "I don think split's) to happen now Bernsesf 7 8313 said Phelps analyst Ellen Baras Cary Black Sanford  Ki3i Co. agreed: "We doubt that spinoff actually occur Other analysts backed that view saying stock buyback would cheaper way to boost shareholder value Black and Marc Cohen Goldman among others said they think Philip Morris is likely peedsita stock repurobasec program Philip Morris probably buying 800 0o0 nore shares week already Black wrote in terort today and is likely announce big new buyback program summer The company had 878 million shares outstand ing at the end of 1993 down 3.18 from year earlier would protect the food side_ whose brands include Philadespltt crean cheese Oscar neats and Miller beer from problems on the tobacco de especlahl a5 the government considedivbarorng or restrict ing the of tobacco irp re iooRinducts "the most ortant area we at said Phi Morr executive vice_president , speaking on Szosfaeyopibl8n CWBC "Ric ght now we re focus ing upon that Bible declined speculate on the chances of such move His comments came day after the company confirmed Financial Times report that its board is looking_ at separation and other alternatives increase shareholder value But Philip Morris has considered and rejected such division in the past aZooastn said It not the oniy and tobacco concern porderRng such move though . In late No cigarette maker Nabisco Holdingsocorp told che eebecarl and Eschooge Commission it'9 again cons idering trying split off its lines Drop in Share Price The need Eor Philip Morris do to up its fonetkie? tea?fges stock night abate analysts said the Ehat the noise Washington has driven own Share Pri ces too far Tobacco shares have tumb in the two months ince U.S Food and strat commi oner David Kessler indicated that 33373 Gdouna tonsider e3he2gu58i858 {egutives veesfron lead Exe dehliip hockis ban on and Six other tobacconconpaniea yesterday made their first appearance before the House Energy and comnerce health and environment subcomnittee and provide internal studies addictive cozfaea the qualities of ni Shares in Philip Morris the world'5 biggent tobacco producer have fallen to 50 up in trading today 1/4 on Jan. 31 The company sells Marlboro Virginia slins and Merit cigarettes among others 1