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Kraft's becoming king of crackers
Kraft Foods confirmed it's looking to put the cookie and cereal division of French food company Groupe Danone (you know it as Dannon here in the States) in its shopping cart for $7.2 billion. Kraft says the European headquarters of the biscuit biz will stay in France for the foreseeable future. Both companies expect the sale to close by the end of the year.
Posted on July 3, 2007 6:53 AM PT | Permalink
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