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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Oravetz who wrote (6434)3/19/2007 12:58:44 PM
From: Paul Senior  Respond to of 6439
 
I believe I don't want KFT shares, and I now see how I can escape from getting them:

Selling MO today; buying MOwi.

Jmo, I could be wrong (and have been many, many times)



To: Jim Oravetz who wrote (6434)3/21/2007 1:22:11 PM
From: Jim Oravetz  Read Replies (1) | Respond to of 6439
 
Altria Hldrs To Get 0.692024 Of Kraft Shr For Each Altria Shr

DOW JONES NEWSWIRES
March 20, 2007 8:52 a.m.

Altria Group Inc. (MO), parent of tobacco companies Philip Morris USA and Philip Morris International, Tuesday set the distribution ratio for its previously announced spinoff of Kraft Foods Inc. (KFT).

Altria shareholders will receive 0.692024 of a share of Kraft, whose brands include Oreo cookies, Oscar Mayer meats and Ritz crackers, for each share of Altria common stock owned as of 5 p.m. EDT March 16.

On March 30, Altria will distribute all of the shares of Kraft that it owns, or about 88.9% of Kraft's outstanding shares, as of the record date.

Altria shareholders will receive cash in lieu of fractional shares for amounts of less than one Kraft share, the company said.