Moody's may cut Kraft's debt rating on Danone bid

(Reuters) - Danone is in exclusive talks to sell its biscuit
and cereal snack unit to Kraft, the world's biggest cookie
maker, the two companies said on Tuesday. For details see
[ID:nL03511935].




The deal will give Kraft a stronger foothold in Europe and
emerging markets and access to 36 more factories worldwide.


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