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Tue, Nov 24, 2009 - Page 10 News List

Kraft may raise offer as rival firms eye Cadbury

COMPETITION With Hershey, Ferrero and Nestle also weighing takeover bids, a source said Kraft could raise its offer after its initial bid was rejected by Cadbury

REUTERS , PHILADELPHIA

Given competition issues, analysts had speculated that Nestle might consider a joint offer with Hershey, with the US group taking on Cadbury’s chocolate operations and leaving Nestle with the Trident chewing gum business.

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