Cadbury tries to force Kraft’s hand | FT Alphaville

Cadbury tries to force Kraft’s hand

Cadbury has approached the UK Takeover Panel to ask Kraft to either make a formal takeover proposal or walk away for six months on its unsolicited £10.2bn takeover offer made three weeks ago. Kraft’s offer was initally valued at 745p per Cadbury share. Shares in Cadbury, which quickly rejected the informal bid and has refused to negotiate, closed at 788p on Monday amid speculation that another bidder may emerge or Kraft might raise its price.