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IN BRIEF/TOBACCO

Altria May Separate Into 2 or 3 Companies

April 29, 2005|From Associated Press

Altria Group Inc., the tobacco company that also controls Kraft Foods Inc., is considering separating into two or three companies, its chairman told shareholders.

Chairman and Chief Executive Louis C. Camilleri said "the precise timing and chronology are uncertain, and continuing improvement in the entire litigation environment is a prerequisite to such action by the board of directors."

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