Altria reports distribution ratio in Kraft spin-off

by Jeff Gelski
Share This:

NEW YORK — Altria Group, Inc. shareholders will receive 0.692024 of a share of Kraft Foods Inc. for each share of Altria common stock as of 5 p.m. E.S.T. on March 16, Altria said March 20. Altria on March 30 will distribute all of the shares of Kraft that it owns, or about 88.9% of Kraft’s outstanding shares as of the record date.

The board of directors of Altria voted Jan. 31 to authorize the spin-off of all shares of Kraft owned by Altria to Altria’s shareholders. For more information, visit

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.