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 ...