Article: United Kingdom : Kraft Foods given Cadbury bid deadline.

Byline: Mamta03

The U.K. Takeover Panel on Wednesday gave Kraft Foods Inc. almost six weeks to produce a firm offer for confectionery maker Cadbury plc or retreat. The regulator complied with the target's request for a deadline,

giving the maker of Dairylea spread and Oreo cookies until 5 p.m. London time on Nov. 9 to act.

One leading corporate lawyer unconnected to the deal believes the battle is still in its early phase. Even so, the ...

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