Dictionary De - En
De - Es
De - Pt| Proverbs, aphorisms, quotations (English) | by Linux fortune |
| NEW YORK-- Kraft Foods, Inc. announced today that its board of directors unanimously rejected the $11 billion takeover bid by Philip Morris and Co. A Kraft spokesman stated in a press conference that the offer was rejected because the $90-per-share bid did not reflect the true value of the company. Wall Street insiders, however, tell quite a different story. Apparently, the Kraft board of directors had all but signed the takeover agreement when they learned of Philip Morris' marketing plans for one of their major Middle East subsidiaries. To a person, the board voted to reject the bid when they discovered that the tobacco giant intended to reorganize Israeli Cheddar, Ltd., and name the new company Cheeses of Nazareth. | |
