Cadbury rejects Kraft bid – Yahoo! News

LONDON – British candy maker Cadbury PLC rejected a renewed 9.8 billion pound ($16.4 billion) hostile bid from Kraft Foods Inc. on Monday after the U.S. company refused to sweeten a previous offer.

Kraft’s decision to keep the terms of its previously rebuffed cash-and-stock approach effectively means a lower offer for investors Read the rest of this entry

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