Thursday, June 21, 2007

UPDATE 1-Peltz's Trian owns 3 percent of Kraft -- source

(Reuters) - Based on Kraft's current market capitalization of about
$55.6 billion, the 3 percent stake held by Peltz's Trian Fund
Management LP would be valued at about $1.7 billion.




Kraft, the maker of Oreo cookies, Jell-O and Oscar Mayer
hot dogs, declined to comment. Trian could not be immediately
reached for comment.


Read more at Reuters.com Mergers News

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