Kraft's hostile bid for Cadbury 'derisory'

A £9.8bn (€11bn) hostile takeover bid from US food giant Kraft was labelled “derisory” by Dairy Milk maker Cadbury today.

Kraft's hostile bid for Cadbury 'derisory'
Mon, 09 Nov, 2009 - 14:08

A £9.8bn (€11bn) hostile takeover bid from US food giant Kraft was labelled “derisory” by Dairy Milk maker Cadbury today.

Kraft – the company behind brands including Dairylea and Kenco coffee - appealed directly to Cadbury’s investors after its initial approach was rejected by the board in September.

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