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Shares of Keurig Green Mountain (NASDAQ: GMCR) are trading up 7.5 percent in pre-market trading on news of a licensing deal with Kraft Foods (NASDAQ: KRFT).

While no financial terms were yet disclosed, it apparently will involve a multi-year licensing, manufacturing and distribution agreement for Kraft coffees using Keurig pod technology.

Keurig is currently trading at $126.50. Shares of Kraft are marginally higher.

Posted-In: News Movers

 

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