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04-01-10, 10:40 AM
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Kraft still chasing Cadburys
Jan. 4 (Bloomberg) -- Kraft Foods Inc. will probably extend its 10.5 billion-pound ($16.9 billion) hostile bid for Cadbury Plc, analysts said, as the U.K. chocolate maker’s shares trade above the offer on expectations of a higher price.
Cadbury shareholders must tender their stock by Jan. 5 at 1 p.m. London time, according to Kraft’s Dec. 4 offer. The world’s second-largest foodmaker can raise its bid until Jan. 19, the deadline set by the U.K. takeover panel. Cadbury shares are trading 8.3 percent above Kraft’s current offer. Full article: Kraft May Extend Cadbury Offer as Shares Trade Above Bid Price - BusinessWeek Leave Cadburys alone 
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