Market News
16Jan2006 |
Kraft Foods May be Spun off?Industry speculation is in full throttle on the timing of Altria Group's predicted spin-off of the company. The company owns 85% of Kraft Foods. The spin-off is of particular interest in Canada, in the wake of Kraft's announcement of the sale of some of its Canadian operations. The Illinois Supreme Court's decision last month to toss out a US$10.1 billion class-action lawsuit against Altria's Philip Morris USA unit, has added further interest in Altria's next move. 
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