In response to the Kraft Foods Inc.'s (KFT) formal offer, Cadbury Plc (CBY,CBRY.L), in its statement, on Monday recommended its shareholders to reject the Offer, and said, "the Offer is worse than the proposal that the Board has previously rejected as fundamentally undervaluing Cadbury and its prospects."
Roger Carr, Chairman of Cadbury, said: "The repetition of a proposal which is now of less value and lower than the current Cadbury share price does not make it any more attractive. As a result, the Board has emphatically rejected this derisory offer and has strengthened its resolve to ensure the true value of Cadbury is fully understood by all."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.