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Cadbury Rejects $16.7 Billion Takeover Offer from Kraft (KFT)

By Dividend.com Staff
September 8th, 2009

cadbury-rejects-16-7-billion-takeover-offer-from-kraft-kft

Packaged foods giant Kraft Foods Inc. (KFT) made a $16.7 billion bid to acquire confection maker Cadbury plc (CBY) on Monday, but the offer was quickly rejected as "undervaluing" the British chocolate producer.

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