Bakers Journal

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Cadbury tells Kraft to bid or back off


September 25, 2009
By ConfectioneryNews.com


Sept. 25, 2009 – Cadbury has approached the U.K.’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.


Sept. 25, 2009 – Cadbury has approached the U.K.’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.


Companies that are targeted for takeover frequently approach the
Takeover Panel in order to limit potential damage and minimize
distraction for management. The panel normally sets a deadline of about
a month, and if an offer is not forthcoming, any talk of takeover would
be put off for at least six months. | READ MORE

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