Kraft offers more cash in bid for Cadbury
Kraft said Tuesday that it would offer more cash in its $16 billion hostile takeover bid for the British chocolate maker Cadbury, using the proceeds from a $3.7 billion sale of its North American pizza unit to Nestlé.
The Oracle of Omaha has warned Kraft not to overbid for Cadbury, since according to him, the American food giant's bid of $16.7 billion is a ''pretty full price.