Cadbury girds for Kraft takeover bid

[The Straight Story]

Cadbury girds for Kraft takeover bid

LONDON, Nov. 1 (UPI) -- British confectioner Cadbury is preparing for a $16 billion hostile takeover attempt by U.S. food conglomerate Kraft, analysts say.

With a British regulatory deadline looming for Kraft, analysts foresee the American company rejecting a "friendly negotiations" avenue and instead opting to launch a hostile bid after Cadbury turned down a buyout bid in September, The Sunday Times of London reported.

Without naming sources, the newspaper said Kraft CEO Irene Rosenfeld is putting the finishing touches on a takeover bid that must be submitted by a Nov. 9 deadline imposed by Britain's Panel on Takeovers and Mergers.

Analysts say it's unlikely that Kraft will launch its Cadbury bid before it releases its third-quarter earnings this week.

http://www.upi.com/Business_News/2009/11/01/Cadbury-girds-for-Kraft-takeover-bid/UPI-15351257094819/

[Javaman]

1. Mmmmm, velveeta cadbury. Mmmmm...

:puke:

[derby378]

2. Leave Cadbury alone, already

I mean, seriously. Will those famous Easter eggs be filled with Miracle Whip now? Bleah.