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Profile of the Week

Published on .

Nabisco Group Holdings stock rose in early week trading as its 80%-owned Nabisco Holdings unit made a $1.92 billion offer for the U.K.'s United Biscuits (McVitie's and other brands) in a venture with buyout firm Hicks, Muse, Tate & Furst. Hicks Muse owns British cookie marketer Horizon Biscuits. By late week, the Nabisco bid was topped by a $2.02 billion offer from an investor group backed by Groupe Danone, Europe's No. 1 cookie marketer. In trading Friday, Nabisco Group closed at $11.25, up 5.26% for the week.
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