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Kraft Foods Group Announces $650 Million Restructuring

2015-06-17 17:04:26| Food - Topix.net

On Oct. 29, 2012, Kraft Foods Group Inc.'s board of directors approved a $650 million restructuring, related implementation and spinoff transition program, the company said in a U.S. Securities & Exchange Commission filing. Global snacks business Mondelez International Inc., formerly Kraft Foods Inc., completed the previously announced spinoff of its North American grocery business, Kraft Foods Group Inc., in early October.

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