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Hostile Kraft turns Cadbury bitter

A block-by-block guide of Kraft’s pursuit of Cadbury

A block-by-block guide of Kraft’s pursuit of Cadbury

The battle for control of Cadbury, one of the world's largest sweets makers, has been sour almost from the start of Kraft Foods' pursuit back in September. However, today's (9 November) news that Kraft have gone hostile with its bid for the Dairy Milk maker added a further bitter twist to the tale. Below just-food plots out the highlights in the 'Kradbury' saga.

COMMENT: Kraft weakness casts shadow of doubt over Cadbury deal

COMMENT: Kraft weakness casts shadow of doubt over Cadbury deal

Kraft's disappointing third quarter has cast doubt over the future of any possible takeover move on UK confectioner Cadbury. The US food group delivered disappointing revenues and reduced its full-year organic growth targets, contrasting sharply with the strong third quarter Cadbury delivered last week. While Kraft's results have not left its expansion plans dead in the water, the US food group may have an uphill struggle to convince Cadbury shareholders and the market as a whole that its bid is viable, Katy Humphries contends.

USA: Kraft to sell three confectionery brands

US food giant Kraft has said that it has agreed to sell three of its sugar confectionery brands to Farley’s & Sathers Candy because the bands do not fit strategically…