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May 16, 2002

UK/INDIA: Cadbury Schweppes makes open offer for Cadbury India stake

UK confectionery giant Cadbury Schweppes made an open offer yesterday [Wednesday] to buy out the remaining 9.76% stake in its Indian subsidiary, Cadbury India Ltd. Earlier this year, Cadbury Schweppes upped its share in the Indian firm from 51% to 90.24%, and yesterday it bid 500 rupees ($) per share for the remaining stock.

UK confectionery giant Cadbury Schweppes made an open offer yesterday [Wednesday] to buy out the remaining 9.76% stake in its Indian subsidiary, Cadbury India Ltd.

Earlier this year, Cadbury Schweppes upped its share in the Indian firm from 51% to 90.24%, and yesterday it bid 500 rupees ($) per share for the remaining stock.

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