Companies splitting
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ct-biz-top-local-companies-split
( William DeShazer/Chicago Tribune ) Three of the Chicago area's biggest companies announced corporate breakups. Kraft Foods Inc. will split its slow-growing North American grocery business from its global snacks group. After spurning takeover offers, Sara Lee Corp. will separate its coffee and meats businesses. Abbott Laboratories will split its drug and medical products businesses in the face of growing price pressure and looming patent expirations. |
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