TheNewsRoom | Kraft Launches Hostile Bid for Cadbury

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Kraft Launches Hostile Bid for Cadbury

November 09, 2009

Kraft Foods (KFT) has launched a 9.8 billion pound, or $16.5 billion, hostile takeover bid for Cadbury today, taking the deal directly to shareholders after management rejected its offer. The terms of its cash and stock offer, which was previously rejected by Cadbury, were unchanged.