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In August 2011, Kraft Foods announced plans to split into two publicly traded companies—a snack food company and a grocery company. On September 10, 2010, a disgruntled employee angered over a recent suspension, Yvonne Hiller, opened fire inside the Philadelphia Factory where she had worked for 15 years.
Taking into account integration costs, the acquisition reduced Kraft's earnings per share by about 33% immediately after the Cadbury purchase. Creation of Mondelēz International. 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.
In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies — a snack food company and a grocery company. 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".
In today's edition, analyst Austin Smith explains the best way to play Kraft's spinoff.Investors will have their pick between a high-growth international snacks division and a more stable domestic ...
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The Kraft Heinz Company ( KHC ), commonly known as Kraft Heinz ( / ˈkræft ˈhaɪnz / ), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. [4] [5] Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in ...
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Kraft Foods was the fourth component of the Nasdaq-100 to also be included in the Dow Jones Industrial Average, joining Cisco Systems, Intel, and Microsoft, but was removed from the DJIA when it subsequently split into two companies.