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Q:
What investment firms and law firms did Altria use as advisors for the Kraft Spin-off?
A:
The investment firms of Lehman Brothers and Centerview Partners and the law firms of Hunton & Williams and Sutherland, Asbill & Brennan advised the Board and management of Altria on the Kraft Spin-off. In addition, the investment firms of J.P. Morgan Securities Inc., Credit Suisse, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. provided financial advice to the management of Altria.
Q:
Will Altria report Kraft as a “discontinued operation” in its financial results for the current year?
A:
Yes. Kraft will be reported on Altria’s 2007 consolidated financial statements as a discontinued operation.
Stock at a Glance
Altria
MO
$20.20
-.17
3/12/2010 4:00 PM ET
Quote delayed 20 min
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