Kraft Foods one step closer to separation from Altria

08/30/2006 | NYTimes.com

Altria, whose executive board meets today, is expected to spin off its 88% stake in Kraft Foods by giving its shareholders 1.46 billion Kraft shares, but analysts say there will be no immediate moves to do so. Investors in both the tobacco and foods sides of the business are eager to see the companies split in order to enhance value.

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