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Wholesome, nutritious and for sale
Kraft Foods is munching on the idea of putting its Post cereals division on the block. The Wall Street Journal reports Kraft could milk as much as $3 billion from a sale. The Post brand has names like Grape Nuts and Shredded Wheat. PepsiCo, owner of breakfast classics Life and Cap'n Crunch, is being tossed out as a potential bidder.
Posted on August 16, 2007 5:12 AM PT | Permalink
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