QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/11/2012


Kraft Foods Moves To Nasdaq


Emily Jed
Emily@vendingtimes.net
Kraft Foods, Nasdaq, New York Stock Exchange, Mondelez International Inc., Oreo, Ritz, Kraft Foods Group Inc., MDLZ, KFT, KRFT, vending, vending machine, Kraft Vending and OCS

NORTHFIELD, IL -- Kraft Foods Inc. is moving its stock listing to the Nasdaq Global Select Market from the New York Stock Exchange ahead of its plans to divide into two publicly traded companies.

The packaged foods giant said the move will cuts costs. Kraft also said Nasdaq's brand-building efforts for its member companies -- including exposure on its billboard in Times Square -- will give greater visibility to its iconic brands.

Kraft Foods shares will begin trading on Nasdaq on June 26. The ticker symbol will remain KFT until its split.

Later this year, Kraft will divide into a global snacks business called Mondelez International Inc., focused on brands like Oreo and Ritz, and a North American grocery business called Kraft Foods Group Inc., devoted to such brands as Oscar Mayer and Velveeta. Upon completion of the spinoff, both companies will trade on the Nasdaq under the symbols MDLZ and KRFT, respectively. | SEE STORY

The move is a big win for the Nasdaq, which was criticized for its handling of Facebook Inc.'s initial public stock offering last month. It also is the first time that a member of the benchmark Dow Jones Industrial Average index has switched from NYSE to Nasdaq.


Topic: Vending Features

Articles:
  • SEVA Convention Set For Aug. 9-11 In New Destin, FL, Venue
  • Antique Vending Machine Refurbisher Banned From Operating In North Carolina
  • Brad Tedder Advances To Crane Merchandising Systems President
  • Bernie And Hillary Disagree Over Soda Tax
  • Hershey Acquires BarkTHINS Snacking Chocolate

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570