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Kraft Makes Hostile Bid for Cadbury

Offer values UK company at $16.3B

By Sarah Quinn,  Newser Staff

Posted Nov 9, 2009 9:07 AM CST

(Newser) – Kraft launched a hostile bid for UK candy giant Cadbury today. The offer values the company at more than $16 billion and asks Cadbury shareholders to accept a merger that its executives rejected, the Wall Street Journal reports. Kraft, which hopes to boost sales by...   Read full story »

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