Kraft set to formalize hostile Cadbury bid on Monday
PHILADELPHIA (Reuters) - Kraft Foods Inc is expected to formalize on Monday a hostile takeover bid for Britain's Cadbury Plc valued at roughly 10.2 billion pounds, sources familiar with the situation said on Sunday. Cadbury previously rejected Kraft's informal offer two months ago, which was worth 745p a share, saying it made no strategic or financial sense. Cadbury's stock closed on Friday at 758p.
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