Kraft's sale to Nestle came as a complete surprise to analysts, but the $3.7 billion Kraft gained in the deal allowed it to up the cash-to-stock ratio of its $16.5 billion offer on Cadbury ...

On Tuesday, Kraft KFT sold its frozen-pizza business to Nestle SA (NESN) for $3.7 billion in cash, a move to increase its war chest to acquire U.K. chocolate maker Cadbury (CBRY)CBY.

Kraft elevated the $3.2 billion frozen-pizza category over the last decade from cheap dinner of last resort (cardboard-tasting dough and plastic-looking cheese) to a viable takeout rival.

Kraft Inc. has agreed to buy Tombstone Pizza Corp., the Medford, Wis.-based frozen pizza and meat snack firm, the companies announced Wednesday. Terms were withheld. ”Tombstone pizza is the No ...

Kraft Foods Inc.'s battle with its archrival in the $2.4-billion frozen pizza market just got nastier. Northfield-based Kraft has sued Schwan's Sales Enterprises Inc. the maker of Red Baron and ...

The world's biggest food group Nestle is buying Kraft Foods' North American frozen pizza business for $3.7 billion and ruled out an offer for Cadbury, it said on Tuesday.