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Altria spin: Q & A

Altria spin: Q & A

(via valueplays.blogspot.com)

1. I own Altria shares. What will I receive as a result of the spin-off?
Altria will distribute 0.692024 of a share of Kraft Class A common stock for each share of Altria common stock outstanding as of the Record Date for the Distribution, subject to adjustment as provided herein. The distribution ratio is based on the number of Kraft shares owned by Altria divided by the Altria shares outstanding on that date.

2. What do I need to do to receive my Kraft shares?
No action is required by Altria’s shareholders to receive their Kraft Class A common stock. The Distribution of Kraft’s outstanding shares owned by Altria will be made on the Distribution Date.

Submitted by TS on Tue, 2007-03-27 18:53. | Tags:
  • Commentary
  • mo kft
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  • 5 points

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