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• Altria Group, Inc. Completes Spin-off of Kraft Foods Inc. 

Jump to full article: Altria Group, Inc., 2007-03-30

Intro:

Altria Group, Inc. (NYSE: MO) today completed the spin-off of Kraft Foods Inc. (NYSE: KFT) to Altria shareholders.

The distribution of the approximately 88.9% of Kraft's outstanding shares owned by Altria was made today, to Altria shareholders of record as of 5:00 p.m. Eastern Time on March 16, 2007 (the "record date").

Altria shareholders received 0.692024 of a share of Kraft for each share of Altria common stock held as of the record date. Altria shareholders will receive cash in lieu of fractional shares for amounts of less than one Kraft share.

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