Kraft offers to buy Cadbury, faces Nov. 9 deadline

Kraft Foods Inc (KFT.N) has until Nov. 9 to make an offer for British
confectioner Cadbury Plc (CBRY.L) or must walk away for six months, Britain's
Takeover Panel says. The world's second-largest confectionery group, maker of
Dairy Milk chocolate, Creme Eggs and Wispa bars, has rejected a cash-and-shares
approach from North America's biggest food group, initially worth 745 pence per
share, or 10.2 billion pounds ($16.3 billion).

The following is a summary of Reuters stories on the offer (click on square
brackets to retrieve stories):
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LATEST STORIES
> Lazard CEO's illness raises concerns on succession [ID:nN12137988]
> Lazard says CEO Wasserstein hospitalized [ID:nN1185066]
> Kraft CEO--set to grow profits, Cadbury or not [ID:nN07380027]
> Shareholder sues Cadbury officers over Kraft bid [ID:nN01277345]
> UK panel sets Kraft Nov. 9 deadline for Cadbury bid [ID:nLU090041]
> Cadbury investors fear Stitzer could sink Kraft bid [ID:nLP429502]
> Cadbury stresses Kraft bid makes no strategic sense [ID:nLP537188]

ANALYSIS
> They talk health, but candy dandy for foodmakers [ID:nN29543320]
> Kraft may not need Warren Buffett to nab Cadbury [ID:nN11319842]
> History, distinctive taste at stake in Cadbury bid [ID:nLA33637]

COLUMNS
> Wasserstein scare for Lazard investors [ID:nL8305075]
> Cadbury shares say it's stuck with Kraft [ID:nLM246100]
> Cadbury deal likely to come with Buffett flavor [ID:nN17210743]
> London's big guns line up for Cadbury defense [ID:nLG625356]
> Cadbury, Kraft set for long haggle over price [ID:nN11452661]
SCENARIOS
> Decision time nears for Kraft in Cadbury bid [ID:nLS045600]

FACTBOXES
> Cadbury-world's 2nd-largest confectionery group [ID:nL0698524]
> Details of Kraft's $16.7 bln bid [ID:nL7580256]
> Analysts see Cadbury worth 800p to 1,200p a share[ID:nL7656136]
NEWSMAKERS
> Cadbury's Carr takes hard line in Kraft battle [ID:nLO290319]
> Cadbury pursuit could test Kraft CEO's patience [ID:nN17207543]
> Stitzer leans on lawyerly skills for Kraft defense [ID:nLF411479]
(Compiled by Steve Orlofsky, Martin Golan and Ted Kerr)