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OMAHA — Warren Buffett said Wednesday he doesn’t approve of Kraft’s $19.5 billion acquisition of Cadbury, but he doesn’t plan to sell his stake in the company.
Buffett’s Berkshire Hathaway Inc. is Kraft’s largest stockholder and has been vocal about his belief that Kraft overpaid for the European chocolate and gum maker. Kraft sold its pizza business for about $3.7 billion to help fund the deal.
