Citigroup analyst David Driscoll estimates shares of Kraft Foods (KRFT) will be worth $78 when the merger with Heinz closes. The stock closed yesterday up $21.84 to $83.17. The $78 value is composed of $16.50 in a one-time payment at closing, plus one share of New Co. stock per share of Kraft existing stock, which Driscoll thinks is worth $62. He is "deeply skeptical" of the scale rationale for the combination after Kraft's merger with Mondelez (MDLZ) didn't work out, but adds 3G's work with Anheuser-Busch InBev (BUD) has been "somewhat magical." Driscoll has a Sell rating on Kraft.