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Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group. [7] In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. [8]
In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies — a snack food company and a grocery company. [8]On April 2, 2012, Kraft Foods Inc. announced that it had filed a Form 10 Registration Statement to the SEC to split the company into two companies to serve the "North American grocery business".
At least for a little while, Kraft (NYS: KFT) shares were a shiny green beacon in a vast sea of red yesterday as investors cheered the company's announcement that it will be splitting itself into ...
In August 2011, Kraft Foods announced plans to split into two publicly traded companies, an international snack-food company and a North American grocery company. [ 22 ] [ 23 ] The snack-food company, called Mondelez International, would be the legal successor of the old Kraft Foods, while the grocery company would be a new company, Kraft Foods ...
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When shares of old Kraft stock broke into two components last fall, most investors expected the higher-growth Mondelez International global snacks business to be the more attractive segment of the ...
The all-resulting news made the company's stock crash more than 20% in after-hours trading. [57] The stock plunge resulted in Berkshire Hathaway, the largest stockowner, recording a write down of $3 billion and a stock value loss of $4.3 billion just a day before Berkshire Hathaway's quarterly earnings and annual report to investors. [58] [59]
The Harley-Davidson stock price on June 5, 2023 was $32.41; its all-time high, back in November 2006, was $75.50. ... Philip Morris eventually changed its name to Altria Group and Kraft split into ...