(Reuters) - Kraft Foods is in exclusive talks to buy Danone's biscuit and cereal unit for 5.3 billion euros in cash, the companies said. Kraft's shares rose 0.8 percent in Europe.
Kraft's widely rumored bid for Danone's cookie unit, which includes the LU, Prince and Tuc brands, will give the U.S. food company a stronger foothold in Europe and in emerging markets.
Read more at Reuters.com Hot Stocks News
Kraft's widely rumored bid for Danone's cookie unit, which includes the LU, Prince and Tuc brands, will give the U.S. food company a stronger foothold in Europe and in emerging markets.
Read more at Reuters.com Hot Stocks News
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