A glass and a half...Kraft is increasing their bid for Cadbury.  I hope you got in last time I posted about this.  This will likely still increase as the talk continues.

Cadbury Shares Rise on Bid Speculation

Cadbury shares are up 1.7% at 807 pence (approx. $13.14) on reports Kraft Foods will raise its bid for the company to around 820 pence (approx. $13.36) a share.

“We agree with a number of press articles that suggest that Kraft will need to pay at least 850 pence (approx. $13.84) in order to have a serious chance of getting over 50% acceptances,” says Jeremy Batstone-Carr at Charles Stanley. Mr. Batstone-Carr says he still believes a rival Hershey offer “looks a long shot given how stretching we believe a credible offer for the company would be.” He reckons that Hershey’s main interest is to protect the status quo in global confectionery manufacturing rather than to seriously acquire Cadbury.

Hershey plans to bid at least $17.9 billion this week for Cadbury after concluding it has the financial muscle to top Kraft Foods Inc.’s $17.2 billion offer, people familiar with the matter told The Wall Street Journal.

On Friday, Hershey was putting the finishing touches on a financing package that could kick off the kind of international bidding war that has largely disappeared since the financial crisis of late 2008.    –more

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