Kraft Spin-off (Completed)

The Board of Directors of Altria Group, Inc. voted on January 31, 2007, to authorize the spin off of all shares of Kraft Foods Inc. owned by Altria to Altria's shareholders. The distribution of the approximately 88.9% of Kraft's outstanding shares owned by Altria was made on March 30, 2007, to Altria shareholders of record as of 5:00 p.m Eastern Time on March 16, 2007 (the Record Date). Altria distributed 0.692024 of a share of Kraft for every share of Altria common stock outstanding as of the Record Date, based on the number of Altria shares outstanding on that date. Following the distribution of Kraft shares, Altria adjusted its dividend so that Altria's shareholders who retained their Kraft shares received, in the aggregate, the same dividend amount that existed before the transaction. 

Other Related Information

• Information Statement (pdf 49.5KB)
• Tax Basis Information - Distribution of Kraft Foods Inc. Class A Common Stock   (pdf 76.0KB)
• Frequently Asked Questions provide answers to common questions about the Kraft Spin-off.
• Contact information related to the Kraft Spin-off is available both for shareholders and members of the media.

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Indices

DJIA 10,023.42 NASDAQ 2,112.44 S&P 500 1,069.30

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