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Madison-based Kraft Foods may become independent

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MADISON -- Kraft Foods, which owns Madison-based Oscar Mayer, may soon become an independent company.

Kraft was bought by Phillip Morris, later called the Altria Group, in the 1980s.

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According to Dan Olszewski, director of the Weinart Center For Entrepreneurship at University of Wisconsin-Madison, many expected Altria to spin off Kraft at a recent board meeting, but so far nothing has happened. He says Kraft has been moving towards a split for some time.

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