Global Snacks Business definition

Global Snacks Business means the Guarantor’s U.S. and Canadian snacks and confectionery business, including the related foodservice operations, but excluding the Planters and Corn Nuts businesses, and all of its current businesses conducted outside of the United States and Canada, except for the North American Grocery Export Business.

Global Snacks Business means the Guarantor's U.S. and Canadian snacks and confectionery business, including the related foodservice operations, but excluding the Planters and Corn Nuts businesses, and all of its current businesses conducted outside of the United States and Canada, except for the North American Grocery Export Business.

Examples of Global Snacks Business in a sentence

• The Global Snacks Business will have the name Mondelēz International, Inc.

• Following the Spin-Off, we will hold the Global Snacks Business and change our name to Mondelēz International, Inc.

• The primary objective of the restructuring and implementation activities is to ensure that both the North American Grocery Business and Global Snacks Business are set up to operate efficiently and execute their respective business strategies upon separation of the companies and prospectively.

• Proposed Spin-Off Transaction On August 4, 2011, we announced that our Board of Directors intends to create two independent public companies: (i) a global snacks business (the "Global Snacks Business") and (ii) a North American grocery business (the "North American Grocery Business").

• Items Affecting Comparability of Financial Results Spin-Off Costs On March 14, 2012, our Board of Directors approved $1.7 billion of one-time costs and $0.4 billion in capital expenditures to facilitate the Spin-Off and optimize both the North American Grocery Business and Global Snacks Business.