U.K. gives Kraft Nov. 9 deadline to make bid for Cadbury

The U.K. Takeover Panel said Kraft Foods has until Nov. 9 to make a formal bid for Cadbury, and Cadbury again rejected the idea with a statement from CEO Roger Carr saying the board is confident of Cadbury's "stand-alone pure-play strategy and growth prospects." If Kraft does not bid by the deadline, it can't make another offer for six months.

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