You’re Killing Yourself! No Judgment. But You’re Killing Yourself!
March 30 will be the day Altria finally rids itself of the dead weight that is Kraft Foods Inc, Bloomberg reports. For every share of Altria, investors will get 0.7 share of Kraft. As we noted earlier this morning, this spin-off will allow the units to focus on separate interests, Oreos/Tang vs. cigarettes, while remaining […]
Not too long ago, Philip Morris changed its name to Altria in order to distance itself from those pesky little cancer sticks it did such a great job of selling—specifically, Marlboro brand cigarettes. But apparently it wasn’t the cigarettes that were the dead weight. Altria is spinning off its Krafts Foods division, which makes Oreos, […]