Kraft's bid for Danone biscuit biz excludes IndiaBS Reporter / Mumbai July 3, 2007US-based Kraft Foods Inc today announced that it has made a binding offer to acquire the global biscuit business of Groupe Danone for euro 5.3 billion ($7.2 billion) in cash. According to a release on the website of Kraft, as required by French law, Danone must consult with its works council prior to entering into a definitive agreement. Both companies anticipate that the transaction will close by the end of the year.The planned acquisition encompasses Danone
