Danone mulls Kraft biscuit deal
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Danone is in talks to sell its biscuit and cereal unit to the world's biggest biscuit maker, Kraft Foods.
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It looks like SUPERVALU's a super value. This grocer is ripe for a review.
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The Kraft family is interested in investing in British soccer. But the Krafts are maintaining a much smaller role in bidding for Liverpool Football Club than Tampa Bay Buccaneers owner Malcolm Glazer is in his pursuit of Manchester United.
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French food group Danone  said on Monday it plans to pay 12.3 billion euros ($16.77 billion) for Dutch rival Numico , in a widely expected move after Danone agreed to sell its biscuits unit last week.
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Altria Group Inc., the owner of cigarette maker Philip Morris and Kraft Foods Inc., may separate into two or three units after tobacco litigation dragged down the stock.
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Whisky distiller Glenmorangie said today it was in talks with a number of potential suitors about a takeover. The firm, one of the largest remaining independent companies
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Kraft Foods, in which Nelson Peltz, an activist investor, has taken a 3 percent stake, said that it would offer $7.2 billion for the cookie unit of Group Danone.
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French food group Danone  offered to drop all legal actions against Hangzhou Wahaha Group if its estranged Chinese joint venture partner agrees to enter into talks to settle their long-running dispute.
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The LU biscuits division of French food  group Danone  is due to meet trade union  representatives on Tuesday to discuss possible changes at LU, a  trade union source said, amid rumors the unit might be sold.
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The French dairy and beverage maker Groupe Danone said the chairman of its troubled joint venture, Wahaha, resigned. Danone said it had accepted the resignation of the chairman, Zong Qinghou, left, and appointed the ventureâs French vice chairman, Emmanuel Faber, to succeed him. Danone recently filed a lawsuit in Los Angeles over suspected illegal sales in China by companies it said were run by Mr. Zongâs relatives. The company has not disclosed the amount of compensation it is seeking. Danone has accused Hangzhou Wahaha Food and Beverage Sales of illegally selling products identical to those sold by the joint venture in violation of agreements. Mr. Zong accused board members of Danone of âinsulting and framingâ him and he accused Danone of resorting to personal attacks after an attempt by Danone to buy some of Wahahaâs assets failed.
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Kraft, the maker of Oreo cookies, Cheez Whiz dips and Toblerone, yesterday further reshaped its image as a producer of healthy foods by announcing a deal with the author of a popular diet.
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Groupe Danone, the worldâs largest yogurt products company, said it planned to buy Royal Numico for 12.3 billion euros ($16.8 billion).
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Supermarkets group J Sainsbury faces fresh takeover speculation today after it emerged that dealmaker George Magan might try to raise financing for an offer.
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Kraft Foods Inc. plans to buy Groupe Danone SA's biscuit unit for $7.2 billion to become Europe's largest maker of cookies.
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French food group Danone  is in  exclusive talks to sell its biscuit and cereal snack unit for  5.3 billion euros ($7.2 billion) in cash to Kraft Foods Inc  , the world&#39;s biggest cookie maker, they said on  Tuesday.
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French food group Danone ,  which is finalizing a 12.3 billion-euro ($17 billion) agreed  bid for Dutch baby-food and special nutrition company Numico  (NUMCc.AS), has already acquired 26.4 percent of Numico,  regulatory filings showed on Wednesday.
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Shares of Kraft Foods Inc. rose 2.6  percent before the bell on Monday after Wm Wrigley Jr. Co.  WWY.N said it is buying the Life Savers and Altoids candy and  mint businesses from Kraft.