Resistance melts as Kraft raises bid for Cadbury

Cadbury today backed a higher £11.5bn (€13.14bn) recommended takeover offer from its US suitor Kraft Foods.

Resistance melts as Kraft raises bid for Cadbury
Tue, 19 Jan, 2010 - 09:33

Cadbury today backed a higher £11.5bn (€13.14bn) recommended takeover offer from its US suitor Kraft Foods.

Philadelphia cheese maker Kraft said it had the support of the Cadbury board after tabling a revised offer worth 840 pence a share.

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