Warren Buffett became the largest shareholder in Kraft Foods Inc.

By: trademagazin Date: 2008. 02. 15. 00:00

The Billionaire bought Kraft's shares for USD 4.32 billiards.

Buffett believes in Kraft he think "Kraft's a portfolio of iconic brands in a company that was
undermanaged for quite a long time. The
brands have the ability to carry the returns, once they're properly
managed, which you're seeing under way now. Shares of Kraft,
which is beginning the second year of a three-year turnaround plan
under Chief Executive Irene Rosenfeld, had declined about 15 percent
during the past 12 months before Friday.