(Reuters) - PARIS - French food group Danone is in exclusive talks to sell its biscuit and cereal unit for 5.3 billion euros in cash to Kraft Foods Inc , the world's biggest cookie maker, they said on Tuesday.
Kraft's bid for Danone's cookie unit, which includes the LU, Prince and Tuc brands, will give the U.S. food giant a stronger foothold in Europe and in emerging markets.
Read more at Reuters.com Bonds News
Kraft's bid for Danone's cookie unit, which includes the LU, Prince and Tuc brands, will give the U.S. food giant a stronger foothold in Europe and in emerging markets.
Read more at Reuters.com Bonds News
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