Though sources anticipate some sort of divestiture to come from the anticipated buyout of Nabisco’s food division, it’s too soon to tell exactly where the crumbs will fall. The Street expects Nabisco Holdings Corp. to go for nearly $15 billion in a takeout, and reports cite that final bids were submitted by Philip Morris and a joint venture between Cadbury Schweppes and Groupe Danone. The reports also state that Philip Morris appears to be taking the lead in the bidding war with a bid of roughly $55 per share, which is a slim premium over the June 21 close of $53.25, while European companies Cadbury and Danone submitted bids around $50 a share. At press time, the Nabisco stock closed at $51.31.
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