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Home › What's on - "Memory Burns" › Tags › Tag: Cadbury

Tag: Cadbury

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SCENARIOS: Kraft aiming to acquire Cadbury more cheaply | Reuters

Sport and Recreation: SCENARIOS: Kraft aiming to acquire Cadbury more cheaply

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Gifted submitted 2009/11/10 0:26, published 2009/11/10 0:26 | 237 views
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http://www.reuters.com/article/ousivMolt/idUSTRE5A842920091109?virtualBrandChannel=10522

LONDON (Reuters) - Kraft Foods chief executive Irene Rosenfeld is playing hardball with her $16.4 billion hostile offer for Cadbury, triggering a bid battle that could stretch for up to three months.

Cadbury lost no time rejecting what chairman Roger Carr described as Kraft's "derisory offer," which values the British chocolatier's shares at 717 pence each, or 9.8 billion pounds ($16.4 billion).

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