I got a letter this morning from my online brokerage firm that dirrected me to this important notice from Altria:
http://ww3.ics.adp.com/streetlink_data/dirMOG/saF2E.pdf
Cliff Notes: After reading it, it says that Altria will be selling its Kraft Foods division. Also on 30 March, Altria shareholders will be distributed .69 shares of Kraft per every share of Altria.
Please help me finish my cliff notes...
Will I keep my Altria stock and get some additional shares of KFT for the hell of it? I think this is an extremely good thing for me, but I am not certain. I was planning on selling my Altria stock (MO) in the next couple weeks to free the money up for some other funds. If I have returned around 30% on my MO in less than two years, and I am not crazy, this extra KFT stock that I will get should really juice my returns on this stock. Thanks for the help.