Kraft CEO Irene Rosenfeld has promised employees she won't let "animal spirits" take over as the company pursues its proposed acquisition of Cadbury.
That's the phrase Warren Buffett used in a CNBC interview last week as he said Kraft's $16.4 billion stock offer is a "full price." That's seen as a signal Buffett does not want Kraft to raise its offer, despite Cadbury's rejection of the bid as too low.
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Saturday, September 26, 2009
Kraft CEO Heeds Warren Buffett's 'Animal Spirits' Warning on CNBC
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