Danone in talks on $7.2 bln snack sale to Kraft
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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's biggest cookie maker, they said on Tuesday.
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Reports say No. 1 food company may divest Oscar Mayer, Post cereal lines and candy units. NEW YORK (CNN/Money) - Kraft Foods may put its well-known Oscar Mayer, Post cereal and Altoids brands up for sale as the No.
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The world's dominant chewing gum maker is about to get sweeter. Looking to extend more of its marketing might from gum to candy, Wm. Wrigley Jr. said yesterday that it has agreed to buy LifeSavers and Altoids from Kraft Foods in a $1.48 billion cash deal that refocuses Kraft's attention on its trademark supermarket products.
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CHICAGO -- Kraft Foods Inc. yesterday said it has agreed to sell its yogurt business to Canadian ice cream company CoolBrands International Inc.
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Following a surge in the price of coffee beans, Kraft Foods will hike the price of a 13-ounce can of Maxwell House coffee by 14 percent to $2.29, the company said Tuesday.
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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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Diageo is looking to sell part of its stake in General Mills Inc. The drinks giant announced yesterday (4 October) that it plans to sell around 33.
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What is Danone up to with its big purchase of Dutch baby-food maker Numico?
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Brewer Scottish & Newcastle said Thursday it was in talks with a view to being taken over by Danish group Carlsberg and Dutch peer Heineken for 7.8 billion pounds.
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RICHMOND, VIRGINIA  - U.S. meat company Smithfield   Foods Inc. SFD.N would be interested in the Oscar Mayer meat   unit of Kraft Foods Inc. if it became available, but the price   may be too high, a top Smithfield executive told Reuters on   Wednesday.
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The sale would give Kraft a new asset in the snack food business, its fastest growing segment, and allow it to extend its global reach.
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Altria, the owner of food company Kraft and the world&#39;s biggest cigarette maker Philip Morris, may split itself up to help limit the effect of legal battles.
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CHICAGO -- Kraft Foods Inc. said Tuesday it has offered $7.2 billion in cash to acquire the cookie and cereal division of French food company Groupe Danone SA in a deal that would give America's biggest food and beverage company an even larger foothold around the globe.
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In an effort to slim down its product line, Kraft Foods has reached a deal to sell its yogurt business, the company said Wednesday.
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French food group Danone said Tuesday it was in exclusive talks with US rival Kraft Foods on the sale of Danone&#39;s biscuit unit for 5.3 billion euros (7.2 billion dollars).
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French food giant Danone tables a $17bn all-cash offer for Dutch baby-food maker and rival Royal Numico.
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Danone is in exclusive talks to sell its  biscuit and cereal unit to the world&#39;s biggest cookie maker,  Kraft Foods, for 5.3 billion euros ($7.20 billion) in cash, the  food groups said on Tuesday.