The Times of London reports that Kraft (NYSE:KFT) will raise its bid for Cadbury (NYSE:CBY).
Cadbury trades above the amount of the Kraft offer price and several companies including Italian confectioner Ferrero are rumored to be preparing rival bids for the UK firm.
The turnaround effort mounted by Kraft CEO Irene Rosenfeld has faltered. Kraft might as well buy a company that is better run. Perhaps the board of the Kraft could put Cadbury’s management in place to run the combined entity.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
