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KFT Mondelez International, Inc. (MM)

42.52
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mondelez International, Inc. (MM) NASDAQ:KFT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 42.52 0 01:00:00

Kraft: IRS Confirms Tax-Free Status Of Spinoff

18/05/2012 3:05pm

Dow Jones News


Kraft (NASDAQ:KFT)
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Kraft Foods Inc. (KFT) said Friday that the Internal Revenue Service has provided a favorable ruling confirming the tax-free status of its planned North American grocery spinoff.

"This favorable tax ruling from the IRS is a significant milestone in the spinoff process," said Dave Brearton, Kraft's chief financial officer. "We remain firmly on track to launch two industry-leading companies before the end of 2012."

-By Greg Morcroft; 415-439-6400; AskNewswires@dowjones.com

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