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Kraft to Sell Candy Brand to Wrigley
CHICAGO - The Wm. Wrigley Jr. Co., the world's largest chewing gum maker, is poised to acquire Kraft Foods, Inc.'s sugar confectionery business -- which includes the large manufacturer's popular Life Savers, Creme Savers, and Altoids brands and comprises roughly 1.5 percent of Kraft's global revenues -- for $1.48 billion.