Kraft expected to extend hostile bid for Cadbury
China Daily | Updated: 2010-01-05 08:06
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A security checkpoint outside Kraft Foods Inc's corporate headquarters in Northfield, Illinois. Investors are betting that the firm will raise its bid for Cadbury. Bloomberg News |
AMSTERDAM: Kraft Foods Inc will probably extend its 10.5 billion-pound ($16.9 billion) hostile bid for Cadbury Plc, analysts said, as the UK chocolate maker's shares trade above the offer on expectations of a higher price.
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