linkedin post 2015-02-17 07:06:20

UBIQUITOUS US SNACK FOODS. “In June 2001, Kraft began operating as a publicly traded company when Morris spun off 16 percent of the firm, retaining 84 percent ownership and 98 percent of its voting rights. The public offering generated $8.7 billion and was the second-largest IPO to date. Kraft became the largest publicly traded food company in North America whose brands could be found in over 99 percent of U.S. homes.”

http://www.referenceforbusiness.com/history2/72/Philip-Morris-Companies-Inc.html

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