KRAFT MUM ON RUMOR OF SALE ACTION

NORTHFIELD, Ill. -- Kraft General Foods here pointedly declined to comment last week on speculation that its food-service business is being eyed for a possible sell-off.Talk in the industry about the possible sale of Deerfield, Ill.-based Kraft Foodservice apparently was spurred by a Feb. 28 article in the business weekly, Crain's Chicago Business.The story indicated that the company has hired a consultant

NORTHFIELD, Ill. -- Kraft General Foods here pointedly declined to comment last week on speculation that its food-service business is being eyed for a possible sell-off.

Talk in the industry about the possible sale of Deerfield, Ill.-based Kraft Foodservice apparently was spurred by a Feb. 28 article in the business weekly, Crain's Chicago Business.

The story indicated that the company has hired a consultant and an investment banker to study alternatives for its $4-billion-a-y

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