Kraft, Sara Lee In Coffee Klatch

By Chuck Sudo in Food on Oct 16, 2009 4:20PM

Crain's reports that Kraft is in talks to sell its Maxwell House brand coffee to Sara Lee. This is part of Kraft CEO Irene Rosenfeld's ongoing efforts to raise enough capital to increase its bid to purchase confectioner Cadbury. That bid now stands at over $16 billion. Kraft has until November 9 to raise $9 billion in financing and make a formal offer for Cadbury to the British Takeover Panel. [Crain's]