USA: Kraft Foods sets stage for US$8.7bn stock offering
US food giant Kraft Foods , a subsidiary of Philip Morris , has provoked criticism in the investment community for setting the price range of its initial public offering at US$26 to US$31. The IPO is set for completion by the end of the second quarter, and will be the second largest new stock offering in US history.
US food giant Kraft Foods, a subsidiary of Philip Morris, has provoked criticism in the investment community for setting the price range of its initial public offering at US$26 to US$31.
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