PHILIP MORRIS has bought the American group NABISCO HOLDINGS for USD 14.9 billion, plus assumption of a debt of 4 billion. The transaction is based on the price of 55 dollars a share and will create the world's biggest foods group with turnover of USD 39.2 billion. Concretely, PHILIP MORRIS will merge NABISCO's activities with its own KRAFT FOODS division and will float "less than 20% of this new venture on the stock exchange in early 2001". KRAFT's turnover will rise to around USD 35...