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To: Boplicity who wrote (1375)6/5/2001 11:39:24 AM
From: im a survivor  Read Replies (1) | Respond to of 13815
 
True......but :

Kraft is the largest American branded food and beverage company and the second largest in the world based on 2000 revenue on a pro forma basis.

Tobacco giant Philip Morris is spinning off the unit after its massive acquisition of Nabisco, a deal that closed last December.

Virtually every major investment bank is participating in this deal with the exception of Goldman Sachs and Merrill Lynch. CS First Boston and Salomon Smith Barney are the lead underwriters.

After a lull surrounding the Memorial Day holiday, the IPO market is starting up again with deals by businesses having long track records.