- Cigarette and tobacco manufacturer Philip Morris International Inc PM said it is relocating its corporate headquarters to Connecticut from New York.
- The move is expected to bring about 200 jobs to the state.
- The new headquarters will be operational by summer 2022.
- The headquarters will house the Americas teams and members of other corporate functions.
- "Connecticut offers a valuable mix of technological know-how, future-forward thinking, and an open-minded approach to problem-solving," said Jacek Olczak, Chief Executive Officer.
- Price action: PM shares are trading higher by 0.27% at $100.43 on the last check Tuesday.
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