Altria Group, Inc. Completes Spin-off of Kraft Foods Inc. |
NEW YORK--(BUSINESS WIRE)--March 30, 2007--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.
On March 20, 2007, Altria mailed an Information Statement to
shareholders as of the record date, with details about the Kraft
spin-off. The Information Statement and answers to frequently asked
questions (FAQs) are available on Altria's investor website at
www.altria.com/Kraftspinoff.
Registered holders of Altria common stock will receive a statement
from Computershare Trust Company, the distribution agent, reflecting
ownership of whole shares of Kraft Class A common stock and cash for
fractional shares. For additional information, registered shareholders
in the U.S. and Canada should contact Computershare by email at
altria@computershare.com or by phone at 1-866-538-5172. Registered
shareholders outside the U.S. and Canada should call 1-781-575-3572.
Holders of Altria common stock who hold their shares through a
broker, bank or other nominee will have their brokerage account
electronically credited with whole shares of the Kraft Class A common
stock and cash for fractional shares. For additional information,
those holders should contact their broker or bank directly or call
Altria's information agent, D.F. King & Co., at 1-800-290-6431.
CONTACT:
Altria Media Relations
917-663-2144
SOURCE:
Altria Group, Inc.
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