News Tag: derisory
November 9, 2009
The board of British confectioner Cadbury has swiftly rejected the £9.8 billion ($16.4 billion) hostile bid from US food giant Kraft.
The offer, which was put directly to Cadbury’s shareholders, was described by chairman Roger Carr as "derisory".
Kraft said it would offer 300p in cash and 0.2589 new Kraft shares for each Cadbury share, the same terms as it proposed two ...
Cadbury turns down Kraft hostile bid
by Kay Murchie
