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Warren Buffett to CNBC: I'm 'Fine' With Kraft Split

Thursday, 4 Aug 2011 | 10:08 AM ET

Warren Buffett tells CNBC today that he's "fine" with Kraft's just-announced plan to split into two companies.

Buffett's Berkshire held over 105 million shares of Kraft as of March 31, worth about $3.3 billion.

Buffett spoke by phone with Becky this morning.

He also tells her that Kraft CEO Irene Rosenfeld came to Omaha for a breakfast meeting with him two days ago (Tuesday), and that's when he first heard about the plan.

Buffett told Rosenfeld he was "fine with it" and told her that.

Buffett Weighs in on Kraft Split
The company's largest shareholder, Warren Buffett tells CNBC's Becky Quick he is fine with Kraft's plans to split into two publicly traded companies.

He also tells Becky he doesn't "see any negative" with splitting the company into two parts.

Back in early 2010, Buffett was publicly opposed to Rosenfeld's initiative for Kraft to buy Cadbury.

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Email comments to buffettwatch@cnbc.com

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