USA: Philip Morris Announces That It Has Reached An Agreement To Purchase Nabisco Holdings for About $15 Billion
Philip Morris Companies Inc., which owns Kraft Foods, announced Sunday that it has reached an agreement to purchase Nabisco Holdings Corp., the nation's No. 1 cookie and cracker maker, for $14.9 billion plus the assumption of $4 billion in debt.Philip Morris, headquartered in New York, is the world's largest tobacco company with its Marlboro, Benson & Hedges and Parliament brands.
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