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(Image from article: "Kraft, Cadbury close to $19 billion friendly deal: sources")

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Kraft, Cadbury close to $19 billion friendly deal: sources

Kraft, Cadbury close to $19 billion friendly deal: sources

U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are close to sealing a friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.

 

Kraft Offers More Cash in Cadbury Bid

Kraft said Tuesday that it would offer more cash in its hostile takeover bid for the British chocolate maker, using the proceeds from a sale of its frozen pizza business.

 

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