Kraft foods announces preliminary results of exchange offer;
Kraft Foods Inc. today announced the preliminary results of its exchange offer related to the split-off of its Post cereals business and the closing of the merger of its Post cereals business into a subsidiary of Ralcorp Holdings, Inc..
Kraft Foods Inc. offered to exchange as much as $3.6 billion in debt in an offer that includes eight series of notes that begin coming due in 2018.