philip morris international inc raised its offer for swedish match by 94 and has agreed to pay 27 billion to regain the us rights for its iqos heated tobacco products from altria group mo  philip morris pm said it is now offering 116 swedish kronor equivalent to 1034 for each swedish match swma share up from the original offer in may of 106 swedish kronor the total value of that deal though in dollar terms is roughly unchanged from the original offer because the appreciation in the us currency against the swedish krona made it easier for the company to raise its offer the current bid values stockholmbased swedish match at 1764 billion swedish kronor or 157 billion that is roughly in line with the initial bid’s 16 billion dollar value philip morris also said inflation volatility in equity markets and changes in interest rates played a role in determining the new offer price the wall street journal previously reported that this was expected an expanded version of this story is available at wsjcom