Kraft weighs higher Cadbury bid - source

Kraft weighs higher Cadbury bid - source

PHILADELPHIA (Reuters) - Kraft may raise its offer for chocolatier Cadbury or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday. Kraft took a $16.8 billion (10.2 billion pound) hostile offer for Cadbury to shareholders two weeks ago. Most of the remaining large players in the global confectionery industry -- U.S.-based Hershey , Italy's Ferrero and Switzerland's Nestle -- are now weighing takeover bids themselves, according to Reuters sources and media reports.

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