Article: Kraft secures pounds 5.4billion for fresh Cadbury bid.(Business)

Byline: GRAEMEBROWN

American food giant Kraft has taken a big step forward with its' pounds 10.2 billion plans to take over Cadbury after it secured pounds 5.4 bn in bridge financing from a group of nine banks.

Directors of the Bournville chocolatemaker, which employs 2,500 people in the West Midlands, wish to remain independent but are bracing themselves for a bid from Kraft ahead of next Monday's 9 deadline.

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