Kraft ruled out as potential bidder after United Biscuits hints at sale
date:Aug 09, 2012
akup in the first quarter of 2012. Overall costs for the split are estimated at around $1.7bn.

The company has also embarked on a restructuring programme due to be complete by 2014, which has already accrued around $80m in costs.

Mogelonsky pointed out that Kraft is also currently paying integration costs for its 2010 Cadbury acquisition, which it has around $1bn left to pay by 2013.

This does not sound like a company that needs another big expense right now,she said.

Mongelonsky said that w
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