>Kraft Challenges Starbucks Attempt to End Coffee Distribution Agreement

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Kraft Foods Inc. said it would challenge Starbucks Corp.’s attempt to end a retail grocery coffee-distribution agreement between the two companies and has initiated an arbitration proceeding.
To end the deal Starbucks must compensate Northfield, Illinois-based Kraft for the “fair market value” of the business, plus possibly a premium of as much as 35 percent of that value, Kraft said today in a statement.

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