Kraft’s Cadbury bid goes hostile
$16.4 billion offer sent to candy firm’s shareholders
Posted: November 10, 2009 at 3:14 a.m.
A worker adjusts a display of Kraft Food’s Oreo cookies at a store in Palo Alto, Calif., in this 2008 file photo.
Kraft Foods has gone hostile in its bid to buy Cadbury but didn’t sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle.
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Business, Pages 21 on 11/10/2009
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