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The merger of General Foods and Kraft was successful due to the experience of Phillip Morris from operating General Foods, the extreme cultural and company similarities between General Foods, and the non-hostile acquisitions of both companies. ...
Phillip Morris decided to acquire Kraft in 1988 a full three years after the acquisition of General Foods. Kraft was seen as “extremely complementary” to General Foods and did not have “significantly overlapping brands” that would allow for larger market share on a larger scope of products. Kraft and General Foods were unfortunately similar in the same negative manner that plagued General Foods before their acquisition.
Approximate Word count = 509
Approximate Pages = 2
(250 words per page double spaced)
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