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The case is being watched for any implications it could have on the company's plans to spin off its 88% stake in Kraft Foods, which was flat at 34.25. The timing of the spin off hasn't yet been announced. However, some suspect Altria's board is waiting on litigation before going ahead with its corporate restructuring plans.
Our Choice ? LSE, Icap Break Off
Earlier Merger Talks
(Wall Street Journal Online
September 25, 2006)
London Stock Exchange PLC and Icap PLC, the world's largest interdealer broker, held and broke off merger talks. The LSE has been looking at ways it can defend itself from a widely expected bid from NASDAQ Stock Market Inc...
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