Business
Facing a surprise takeover offer from Philip Morris Cos., Kraft saw its stock price leap $28.125 a share on Tuesday as Wall Street analysts predicted that the food company’s days as an independent firm may be nearing an end.
Oct. 19, 1988
In an effort to make its industry-leading food operations more competitive, Philip Morris Cos. is consolidating its Kraft and General Foods businesses beneath the Kraft Foods banner in the United States and Canada.
Jan. 5, 1995
Money & Company
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July 7, 2010
Keeler Foods Inc. of Santa Ana, the state’s largest independent food-products distributor, said Monday that it is being bought for $16.4 million by Kraft Inc., which is driving to strengthen its position in the Southland market.
Aug. 26, 1986
Food
Fat-free is the buzzword of the ‘90s.
April 4, 1991
They bent the no-smoking rules a bit at Kraft Inc. when the chief executive of the Philip Morris tobacco company dropped in.
Nov. 27, 1988
Kraft has signed a letter of intent to acquire Holleb & Co., a broad-line food service distributor based in Bensenville, Ill.
Jan. 20, 1987
Sandwich chain Panera Bread Co. is now part of an ever more crowded club of companies pledging to remove artificial ingredients from their food.
May 5, 2015
Feb. 11, 2011
Just three years ago, Philip Morris Cos. ranked No. 27 on Fortune magazine’s list of biggest U.S. companies.
Dec. 20, 1988