Cadbury posts strong year, again says no to Kraft

01/12/2010 | Wall Street Journal, The

Cadbury has issued a second formal response to Kraft Foods' hostile takeover bid. Chairman Roger Carr said, "This is a completely inappropriate offer; it is derisory. It is, in value terms, even less attractive than it was." Cadbury plans for revenue to grow 5% to 7% this year.

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