Kraft set to buy Danone biscuit ops

Northfield, Illinois: Kraft Foods has made an offer to acquire Danone's global biscuit business for €5.3bn (£3.5bn) in cash. The acquisition would cover Danone's biscuit brands, including LU, Tuc and Prince, and operations in 20 countries - but not Danone's joint ventures in Latin America and India. However, reports indicate Danone faces opposition from workers' representatives, who are demanding Danone remains in French hands.