UK: Cadbury quiet on bid speculation

By just-food.com | 22 May 2008

Cadbury has remained quiet on renewed speculation that a takeover bid could be mounted for the UK confectioner.

"We do not comment on market rumours," a Cadbury spokesperson told just-food as the group's share price soared 3.29% on the London stock exchange.

At time of press, Cadbury shares were trading at GBP7.04 (US$13.95).

Since Mars' acquisition of Wrigley earlier this month, rumours abound that the confectionery market could be facing further consolidation.

Speculation has persisted that US investor Warren Buffett, Hershey, or Kraft Foods could be preparing a takeover move.

Sectors: Confectionery

Companies: Cadbury, Mars, Wrigley, Hershey, Kraft Foods

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