By Leah Montebello Philip Morris has sweetened its bid to grab smokeless tobacco specialist Swedish Match, as the cigarette giant makes a desperate push into alternative categories. The Malboro maker has today raised its offer for the nicotine pouch maker to 116 kronor ($10.34) per share from 106 kronor, hoping to finalise the takeover and appease hedge funds who have been craving a higher bid. The deal is now estimated to be worth around $15.7bn, and signals a major win for Swedish Match shareholders. Swedish Match’s shares have jumped nearly 50 per cent since the PMI first announced its cash…