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Friday, November 6, 2009

Kraft Faces Deadline to Submit Formal Bid for Cadbury- Video

Nov. 6 (Bloomberg) -- Kraft Foods Inc., which faces a Nov. 9 deadline to come up with a fully financed proposal for Cadbury Plc, reportedly plans to submit a formal bid for U.K. chocolate maker this weekend. Last month, some analysts said Cadbury could sell for as much as 850 pence per share, more than 20 percent above Kraft’s unsolicited offer. Bloomberg's Jennifer Joan Lee reports. (Source: Bloomberg)

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