The $13.2 billion restructuring plan proposed by Kraft in intended to result in a total value estimated to be in excess of $110 per share.
Out of the $110 per share, shareholders would be paid $84 in cash dividend, $14 in high yield debentures.
Shareholders would also retain their common stock interest, which will of course be adjusted by the market ($12 per share), to reflect the cash and securities distribution.