US: Kraft to move from NYSE to NASDAQ

By Dean Best | 8 June 2012

Kraft Foods is to list on the NASDAQ later this month, citing cost as a factor in its decision to move from the New York Stock Exchange.

Shares in Kraft will start trading on the NASDAQ from 26 June, the company said today (8 June). Its ticker symbol will remain KFT.

The Cadbury, Oreos and Philapdelphia manufacturer said the move would "yield greater cost efficiencies, while providing visibility advantages for the company's iconic brands".

Kraft is set to split in two later this year, creating a North American grocery business called Kraft Foods Group and a global snacks company named Mondelez International. Both firms will list on the NASDAQ.

Sectors: Condiments, dressings & sauces, Confectionery, Dairy, Financials, Snacks

Companies: Kraft Foods, Cadbury, Kraft Foods Group, Mondelez International

View next/previous articles

Currently reading -

US: Kraft to move from NYSE to NASDAQ

There are currently no comments on this article

Be the first to comment on this article

Related research

Kraft Foods, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage....

Related articles

UK: Intersnack "close" to United Biscuits snack deal

German savoury snacks giant Intersnack is understood to be close to signing a deal to acquire the salty snacks business of United Biscuits.

In the spotlight: CD&R's B&M deal could fire up discount competition

Private-equity firm Clayton, Dubilier & Rice's acquisition of a majority stake in UK cut-price retailer B&M Retail may see competition heat up further in the country's fast-growing discount channel.

Packaging - the trends behind innovation

As competition in the grocery sector continues at apace, it has become more important than ever for manufacturers and retailers to ensure their packaging stands out on shelf and addresses a range of key issues. This can range from the design and functionality of packaging to the cost and on-shelf impact. Here, packaging firms tell just-food what is driving innovation in the sector, the challenges and the trends that are emerging.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page