Kraft Raising Cadbury Bid ; Bournville: Us Group Plans Pounds 11bn Hostile Move

Summary

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KRAFT Foods is planning an pounds 11 billion hostile bid for Cadbury after the British confectionery giant rejected its earlier offer.

The US group is expected to raise its offer for the Dairy Milk manufacturer, whose main UK factory is at Bournville, from 745p a share, valuing the company at pounds 10.2 billion, to 800p a share, according to a report yesterday.

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Kraft Raising Cadbury Bid ; Bournville: Us Group Plans Pounds 11bn Hostile Move

Kraft was also reported to be in the final stages of putting together ...

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