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Kraft to post its Cadbury bid
KRAFT Foods will today post its offer document to Cadbury shareholders, triggering a two-month £9.8bn takeover fight, sources with knowledge of the situation said.
The American food giant has until 7 December to publish its offer document, but the sources said it was expected today, and would be at the same cash and shares terms Kraft first unveiled to the British confectioner back in early September.
“Kraft is ready to go so sees no reason to wait until Monday, and is expected to publish late morning today,” said one source.