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Marlboro saddles up in price-cut `war'
[EVENING UPDATE, C Edition]
Chicago Tribune (pre-1997 Fulltext) - Chicago, Ill.
Author: Tribune wire services.
Date: Apr 2, 1993
Start Page: 1
Section: NEWS
Text Word Count: 353
Abstract (Document Summary)

Smokers, who have been puffing on discount cigarettes in an effort to get a price break, forced the biggest U.S. cigarette maker to make concessions Friday as Philip Morris USA said it will fight back against the low-cost brands.

One cigarette analyst said the move amounts to "full-scale war" among cigarette manufacturers, who already are worried by Clinton administration plans to hoist cigarette prices further with a tax of about $2 a pack.

Philip Morris said Marlboro and its other premium brands "remain strong and profitable," with Marlboro holding over a 22 percent market share in the $45 billion domestic cigarette market.

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