Friday, July 27, 2007

Kraft profit seen lower as new investors watch

(Reuters) - Activist investors Nelson Peltz and Carl Icahn both have purchased stakes in the No. 1 U.S. packaged food maker and the Wall Street Journal reported on Thursday that Warren Buffett's Berkshire Hathaway Inc also has bought a small stake.




Kraft shares are down about 7.5 percent this year, compared with a 2.5 percent increase in the Standard & Poor's packaged foods index .


Read more at Reuters.com Business News

No comments: