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Thursday, August 4, 2011

RPT-Feature-Kraft to split into two companies, (NYSE: KFT)

Kraft Foods Inc (KFT.N) is planning to split into two companies, one focused on North American groceries and one on global snacks. Below are key facts about the two businesses. GLOBAL SNACKS: -- Revenue: $32 billion -- Brands include Oreo and Lu cookies, Cadbury and Milka chocolates, Trident chewing gum, Jacobs coffee and Tang drink mix.

Kraft Foods Inc. (Kraft Foods) manufactures and markets packaged food products, including biscuits, confectionery, beverages, cheese, convenient meals and various packaged grocery products. Shares of KFT traded higher by 2.62% or $0.9/share to $35.20. In the past year, the shares have traded as low as $28.85 and as high as $36.02. On average, 9064560 shares of KFT exchange hands on a given day and today's volume is recorded at 32272756.