Kraft Foods plans split into two companies
Kraft Foods said Thursday it plans to split into two publicly traded companies, with one focusing on its international snack brands, such as Trident gum and Cadbury chocolates, and the other on its North American grocery business, which includes Maxwell House coffee, Kraft Macaroni and Cheese and Oscar Mayer meats.
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..