EU extends review of planned Kraft, Cadbury deal
BRUSSELS |
BRUSSELS Dec 9 (Reuters) - European Union regulators extended the deadline for their review of Kraft Foods' (KFT.N) proposed buy of Cadbury CBRY.L after the U.S. food company offered concessions to ensure the deal is not anticompetitive.
Kraft made a formal $16.1 billion bid for the British chocolate maker last week. The combined group would be the world's biggest confectionery firm ahead of privately owned Mars-Wrigley.
The deadline for an EU regulatory decision was pushed back to Jan. 6 from Dec. 14, the European Commission's daily list of mergers and takeovers under review showed on Wednesday. (Reporting by Foo Yun Chee, editing by Dale Hudson)
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