Nabisco Group Holdings' board was expected to meet June 23 to discuss takeover bids for the overall holding company and its food unit. Under discussion are a bid from financier Carl Icahn, who made an offer of $31 a share last week for Nabisco Group Holdings. Philip Morris Cos. and a combination of Groupe Danone and Cadbury Schweppes are bidding for the separately traded Nabisco Holdings Corp., owner of the Oreo, Chips Ahoy! and LifeSavers brands. Both Philip Morris and the Cadbury/Danone group have put in bids less than $55 a share.
Copyright June 2000, Crain Communications Inc.