Kraft's hostile bid for Cadbury notified to the EU

Wed Nov 11, 2009 5:36am EST
 
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BRUSSELS, Nov 11 (Reuters) - Kraft Foods Inc's (KFT.N) $16 billion hostile bid for British candy maker Cadbury Plc (CBRY.L) has been notified to EU regulatory authorities, the European Commission said on Wednesday. The Commission, the competition watchdog of the 27-nation European Union, has set a deadline for Dec. 14 to make its decision, it said. It gave no further details. (Reporting by Bate Felix, editing by Timothy Heritage)

 

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