Kraft: No sell-off needed to finance Cadbury purchase

09/16/2009 | Reuters

A Kraft Foods representative responded to a report that the company might sell assets such as its Oscar Mayer brand to pay for Cadbury, saying the "financing for this proposal does not require any divestitures." Kraft's original bid of $16.7 billion was rejected by the confectioner, but Kraft has said it will be "disciplined" in its pursuit.

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