Kraft Foods Inc

Kraft Foods Inc. is the largest food company in North America and second largest in world after Nestle.
Philip Morris, manufacturer of tobacco (now known as Altria Group) acquired Kraft in 1988 to 12.9 billion dollars by merging it with another food subsidiary, General Foods, acquired in 1985. In 2000 Philip Morris acquired Nabisco (confectionary company known for its Oreo cookies) and has merged with Kraft, while maintaining its autonomy.
Altria sold 280 million Kraft shares through un'OPV in 2001, holding company for himself a share of 88, 1%. On January 31, 2007, after months of speculation, the company announced that securities in its possession had been transferred to shareholders of Altria March 30, 2007. Currently the company no longer holds any interest in Kraft Foods.
On 30 November 2007, the U.S. multinational Completes Acquisition of Groupe Danone biscuits whole sector which includes the historic Italian brand Saiwa.
Since September 22, 2008 the stock certificate is part of the Dow Jones Industrial Average.