Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury, suggesting the US Group will resist raising the price of its hostile bid. In a rebuttal of Monday’s aggressive defense statement from Cadbury the maker of Ritz crackers and Philadephia cheese said a combination of the companies would deliver substantially more value than cadbury would achieve on its own.
MCX Commodity Tips
Kraft’s offer is worth 729 pence per share but many analysts believe it will need to pay 820 to 850 pence in order to be successful.
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