date:Jun 11, 2012
According to Kraft, the move will yield greater cost efficiencies, while providing visibility advantages for the companys iconic brands. Kraft Foods shares will still trade under the KFT ticker symbol.
Later this year Kraft Foods will divide into two public companies: a global snacks business called Mondelez International, Inc., and a North American grocery business called Kraft Foods Group, Inc. Both of these companies will trade on the NASDAQ exchange.
At the time of the spin-off later this