UK: Cadbury tables $4bn bid for Pfizer's Adams
UK confectionery and soft drinks giant Cadbury Schweppes, has tabled a US$4bn bid for Adams, the US chewing gum and functional foods company put on the market by the Pfizer pharmaceuticals group. Cadbury was very much in the running to buy Hershey Foods in the summer, and when that auction was called off, speculation immediately turned to Adams, the other likely acquisition candidate for the big names in the food industry. Adams makes Halls cough lozenges, as well as the popular Trident and Dentyne chewing gum brands.
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