As Kraft Splits, Watch the Pieces, but Wait
Kraft Foods (KFT) will soon be splitting into two focused components: Kraft Foods Group (KRFT) and Mondelez International (MDLZ). Splits, by their very nature, entail some short-term dislocations, in both the corporate and investor arenas. Kraft's will be no exception, and therein might lie an opportunity.
Kraft Foods Group will be the mature, $19 billion U.S. grocery operator. Mondelez will be the faster-growing, $34 billion company with an international focus. The split will be effective after the close on Monday, Oct. 1. The record date for the shareholder split was Wednesday Sept. 19. When-issued shares began trading on Monday, Sept. 17, under the temporary tickers KRFTV for Kraft Foods Group and MDLZV for Mondelez International....539 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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