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(From M2 Equity Bites)
M2 EQUITYBITES-September 10, 2012-Kraft Foods announces growth plans for North American Grocery business (C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
Food company Kraft Foods Inc (Nasdaq:KFT) on Friday outlined the growth plans for its North American grocery business and also provided financial outlook.
Kraft Foods plans to spin-off Kraft Foods Group Inc, which will hold Kraft Foods' North American grocery business, at 17:00 hours, EDT on 1 October 2012.
Kraft Foods Group will trade on the Nasdaq stock exchange under the ticker symbol 'KRFT'. Following the spin-off, Kraft Foods Inc will be renamed Mondelez International …