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October 21, 1988 | Associated Press
Kraft Inc., target of an $11-billion takeover bid, fired off a terse letter to the chairman of Philip Morris Cos. Thursday rejecting a request for negotiations. The letter disclosed that Kraft Chairman John M. Richman crossed paths with Philip Morris Chairman Hamish Maxwell a few days before the business world was stunned by Monday's cash bid.
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BUSINESS
October 21, 1988 | Associated Press
Kraft Inc., target of an $11-billion takeover bid, fired off a terse letter to the chairman of Philip Morris Cos. Thursday rejecting a request for negotiations. The letter disclosed that Kraft Chairman John M. Richman crossed paths with Philip Morris Chairman Hamish Maxwell a few days before the business world was stunned by Monday's cash bid.
