Cadbury knocks Kraft

BRITISH chocolate maker Cadbury yesterday stepped up its defence against a hostile takeover bid from Kraft by announcing that full-year results will beat market expectations.

BRITISH chocolate maker Cadbury yesterday stepped up its defence against a hostile takeover bid from Kraft by announcing that full-year results will beat market expectations.

Cadbury said Kraft's £10,3billion (R123,88billion) bid was too low.

"Don't let Kraft steal your company with its derisory offer," Cadbury chairman Roger Carr said to shareholders. - AFP

X