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Cadbury rejects Kraft's takeover offer as too low

Cadbury Plc, the maker of Dairy Milk chocolate, rejected Kraft Foods Inc’s unsolicited takeover offer of 9.8 billion pounds ($16 billion) after Kraft stuck to the terms of its initial bid. Kraft offered 300 pence in cash and 0.2589 new Kraft share per Cadbury share, the same as a bid made public on September 7, the Northfield, Illinois-based company said in a statement. As of last week&a

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