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Obama and Cameron serve burgers at Downing Street Kraft Foods has launched a hostile takeover bid for the British confectionery group Cadbury.
The US food giant keep the same terms as its informal cash and shares offer made in early September – which Cadbury rejected as too low. Now it is worth even less – 11 billion euros – as the value of Kraft’s shares has fallen since then. Analysts said Kraft needs to sweeten its offer to have any chance of shareholders saying yes.More about: United Kingdom, USACopyright © 2012 euronews
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