How many Kraft shares are outstanding?
As of June 30, 2007, Kraft had approximately 1.577 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.
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