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Q. When was Kraft's initial public offering (IPO)?
A. Kraft Foods Inc. completed its IPO on June 13, 2001. The net proceeds from the IPO were used to retire a portion of the debt incurred in connection with the acquisition of Nabisco Holdings Corp.
Q. What was the price of Kraft's initial public offering?
A. The offering price was $31 a share. Kraft sold $8.7 billion of Class A common stock in the IPO, at the time making it the second largest initial public offering in US history.
Q. What exchange does Kraft stock trade on?
A. Kraft Class A common stock trades on the New York Stock Exchange. Options for Kraft Class A common stock are traded on the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Exchange, and the Pacific Exchange.
Q. What is Kraft's ticker symbol?
A. Kraft's ticker symbol is KFT.
Q. Does Kraft have more than one class of common stock?
A. Kraft has only Class A common stock. Class A shares carry one vote per share.
As a result of the Spin-off announced by Altria on January 31, 2007, Class B shares were converted to Class A shares before the distribution of Kraft shares to Altria shareholders. Click here for more information about the Spin-off.
Q. Has Kraft issued any preferred stock?
Q. How many Kraft shares are outstanding?
A. As of September 30, 2007, Kraft had approximately 1.547 billion shares of Class A stock outstanding.
As a result of the Spin-off announced by Altria on January 31, 2007, Class B shares were converted to Class A shares before the distribution of Kraft shares to Altria shareholders. The total number of shares remained the same. On March 30, 2007, Altria Group, Inc. distributed all Kraft shares that it owned (approximately 88.9% of shares outstanding) to Altria shareholders.Click here for more information about the Spin-off.
Q. Is Kraft a member of the S&P 500?
A. On March 22, 2007, Standard & Poor's announced that Kraft Foods Inc. will replace Eastman Kodak Co. (NYSE: EK) in the S&P 100 and Sabre Holdings Corp. (NYSE: TSG) in the S&P 500 after the close of trading on Friday, March 30, 2007.
Q. What is Kraft's CUSIP number?
A. Our CUSIP number is 50075N 10 4.
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