tazzygirl
Posts: 37833
Joined: 10/12/2007 Status: offline
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Kraft has been an independently owned company since 2007. Buffet's company owns 8% of Kraft. In 2000, Philip Morris (renamed Altria in 2003) acquired Nabisco Holdings for $18.9 billion and merged the company with Kraft Foods the same year.[9] In 2001, Philip Morris sold 280 million Kraft shares via the third-largest IPO of all time, retaining an 88.1% stake in the company. In 2004, it sold its sugar confectionery division to Wrigley, while doing minor divestitures - including its hot cereals division (Cream of Wheat) in 2007, its pet snacks division (Milk-Bone) in 2006, juice drinks and Fruit2o in 2007 and some grocery brands in 2006. Altria announced on January 31, 2007, that it would spin off all the remaining Kraft Foods shares to Altria's shareholders; each will be given approximately 0.7 share of Kraft for every Altria share they own. http://en.wikipedia.org/wiki/Kraft_Foods
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Telling me to take Midol wont help your butthurt. RIP, my demon-child 5-16-11 Duchess of Dissent 1 Dont judge me because I sin differently than you. If you want it sugar coated, dont ask me what i think! It would violate TOS.
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