NORTHFIELD, Ill. — Kraft Foods here has agreed to sell its frozen pizza business to Nestlé for $3.7 billion. It plans to use proceeds from the deal to increase the cash portion of its $16 billion hostile takeover bid for Cadbury. Nestlé announced yesterday that it doesn’t intend to participate in a formal offer for Cadbury. Kraft estimates that the sale of its North American pizza business, including brands like DiGiorno, Tombstone, Jack’s, Dellisio and the California Pizza Kitchen ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.