The Altria Group Spinoff of Kraft Foods.
Spin-Off of Kraft Foods Announced 1/31/2007:
On 1/31/2007 Altria Group announced that it would spinoff Kraft Foods. The distribution will be made on March 30, 2007.
Altria shareholders are expected to receive about .7 shares of Kraft Foods for every 1 share of Altria.
Altria Announces the Kraft Foods Distribution Ratio on 3/20/2007:
On March 20, 2007 Altria announced that the distribution ratio would be .692024.
Altria Announces the Kraft Foods that the Spinoff is Complete on 3/30/2007:
On March 30, 2007 Altria announced that the distribution of Kraft Food shares to Altria Group shareholders was complete.
Cost Basis Calculation:
The Kraft Foods and Ralcorp (for stock acquired through this merger) tax cost basis can most easily computed using the Altria-Kraft-Philip Morris Basis Calculator. You can order the Denver Tax Software, Inc. Altria-Kraft-Philip Morris Basis Calculator.
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