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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.