Kraft May Sweeten New Cadbury Offer ; Us Food Giant Set to Raise the Bar in Bid for Confectioner

Summary


US food giant Kraft is this week expected to launch a hostile bid of more than Pounds 10bn for iconic UK confectioner Cadbury.

Kraft, which is putting out third-quarter trading figures today, is said to be preparing to table a second offer by the end of this week.

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Extract


Kraft May Sweeten New Cadbury Offer ; Us Food Giant Set to Raise the Bar in Bid for Confectioner

Under Takeover Panel rules, the American food group must bid for the British maker of Creme Eggs and ...

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