Report: Kraft planning hostile bid for Cadbury

Kraft Foods is understood to be planning an £11bn (€12bn) hostile bid for Cadbury after the group rejected its earlier offer.

Report: Kraft planning hostile bid for Cadbury
Sun, 27 Sep, 2009 - 16:06

Kraft Foods is understood to be planning an £11bn (€12bn) hostile bid for Cadbury after the group rejected its earlier offer.

The US giant is expected to raise its offer for the Dairy Milk firm from 745p a share, valuing the company at £10.2bn (€11.1bn), to 800p a share, according to the Observer newspaper.

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