A top banker reportedly advising Kraft Foods’ approach for Cadbury was taken to hospital over the weekend with an irregular heartbeat.
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Bruce Wasserstein, chairman and CEO of investment bank Lazard, is in a “serious but stable” condition, according to his company.
Media reports claim that Wasserstein has been the lead advisor in Kraft’s interest in Cadbury although Lazard refused to be drawn on the nature of its boss’ involvement when contacted by just-food today (12 October).
Kraft has until 9 November to table an offer for Cadbury and Wasserstein’s illness has led to questions over the US food giant’s pursuit of the UK confectioner.
Cadbury rejected Kraft’s GBP10.2bn (US$16.16bn) proposed offer last month, claiming that the approach “materially undervalued” the company and its prospects for growth.
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