Stepping up its efforts to fend off a hostile takeover bid, Cadbury increased its profitability target on Monday and said Kraft’s offer for the British chocolate and candy maker was “derisory.”
Cadbury declined to say whether it is in discussions with Hershey, Ferrero or any other potential rival bidders, but Todd Stitzer, the chief executive, said the company had “received indications of interest from third parties.”
New York Times
Posts
No comments:
Post a Comment