Kraft Foods is close to selling its Post cereals business to
Ralcorp Holdings, according to reports. The U.S. food giant is holding
talks with Ralcorp on setting up a "stock-based transaction"
to reduce the tax burden for both parties. Such a deal could be
manufactured by spinning off the Post business and then combining it
with Ralcorp. raft shareholders would then have a stake in the merged
business.
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