Kraft to Put Up or Shut Up Over Cadbury

The HeraldOctober 01, 2009

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Summary


THE Takeover Panel said US food group Kraft has until November 9 to decide whether to make an offer for confectioner Cadbury or it must walk away for six months.

It is now three weeks since the world's second-largest confectionery group spurned an approach from North America's biggest food company, worth 745p per Cadbury share - or GBP10.2bn - at the time in cash and shares.

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Kraft to Put Up or Shut Up Over Cadbury

Some City analysts say Kraft may have to offer as m...

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