Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Published on .

Philip Morris Cos. filed a statement last week with the Securities and Exchange Commission to spin off part of its Kraft Foods subsidiary in an initial public offering. Philip Morris filed a registration statement for 1.18 billion shares of class B stock but did not price the shares. When Philip Morris announced plans to acquire Nabisco Holdings Co. last June, it said it planned to sell 10% to 15% of the combined operations and use the proceeds to pay off part of the debt from the acquisition.

Copyright March 2001, Crain Communications Inc.

Most Popular
In this article: