Archives for June 24, 2007

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Investor Peltz takes stake in Kraft

By  Charlotte Eyre

US activist investor Nelson Peltz has bought a 3 per cent stake in Kraft Foods, giving him some control over the food company's future.

Ardagh takes over Rexam's glass business

By  Ahmed ElAmin

Rexam has completed its divestment of its European glass packaging business and is now preparing for its takeover of Owens-Illinois' plastics division.