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Article: United Kingdom : Kraft Foods given Cadbury bid deadline.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...