Kraft moves forward with spin-off

by Eric Schroeder
Share This:

NORTHFIELD, Ill. — The North American grocery business of the Kraft Foods Group, Inc. filed an initial Form 10 Registration Statement with the US Securities & Exchange Commission, paving the way for the company to divide and create two public companies before the end of 2012.

“The filing of the Form 10 Registration Statement is an important step in the process of establishing the North American grocery business as a new, stand-alone company with its own strategic focus and priorities,” said Irene Rosenfeld, chairman and chief executive officer. “We believe that this business is well-positioned for success as an independent company.”

Kraft Foods Inc. intends to spin-off its North American grocery business through a tax-free distribution of shares to shareholders. Following the transaction, the North American grocery business will be an independent, public company operating under the Kraft Foods Group name.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.