Kraft considering formal bid for Cadbury1 min read . Updated: 15 Sep 2009, 10:16 PM IST
Kraft considering formal bid for Cadbury
Toronto: The world’s second largest food maker, Kraft Foods Inc., is considering whether to make a formal offer for Cadbury Plc, said Kraft chief executive officer Irene Rosenfeld.
An acquisition of London-based Cadbury would be a win-win for both companies, Rosenfeld told students at the University of Toronto on Monday. Last week, Cadbury rejected a takeover proposal from Kraft, valued at around $16 billion (around Rs78,000 crore) , as too low.