Mondelez International Completes Spin-Off of N.A. Grocery Business
Mondelez International, Inc., formerly Kraft Foods Inc., completed the spin-off of its North American grocery business, Kraft Foods Group, Inc.
The Northfield, Ill., company completed the spin-off by distributing all outstanding shares of Kraft Foods Group common stock to its shareholders of record as of the close of business on Sept. 19. The distribution was based on a distribution ratio of one share of Kraft Foods Group common stock for every three shares of Mondelez International common stock.
Concurrent with the spin-off, Kraft Foods changed its name to Mondelez International, Inc. Beginning Oct. 3, Mondelez International will trade on The NASDAQ Global Select Market under the ticker symbol "MDLZ," and Kraft Foods Group will trade under the ticker symbol "KRFT." The ticker symbol "KFT" has been retired.
Mondelez International will file its separation agreements with Kraft Foods Group and certain pro forma financial information with the U.S. Securities and Exchange Commission.
Go to www.mondelezinternational.com/investor for more information.