date:Dec 19, 2013
Kraft Foods said today that it plans to set aside $3 billion worth of funds with a view to creating a stock repurchasing program.
The programme, which has no expiration date, is the company's first stock repurchase program since it became an independent public company in October 2012.
The American grocery manufacturing and processing conglomerate, which is headquartered in Illinois, owns a range of high profile international brands such as Velveeta cheese, Maxwell House coffee and Capri Sun.