Kraft carveout and spin-off

This is a great one for class! Not only does the article discuss the carve-out and spin-off, but the SF Chronicle piece talks about valuation (including EBITDA multiples!), multiple classes of shares, and socially responsible investing.Definitionscarve-out: IPO of a part of company (In this case this happened in 2001, when Kraft began trading publicly. Altria (the parent who some still call