Ferrero decides not to bid for Cadbury
Italy's Ferrero has decided not to bid for Cadbury Plc, further strengthening the case of Kraft Foods in its £10.5bil takeover bid for the British chocolatier.
Kraft is expected to make a hostile bid for the British confectioner Cadbury on Monday, making official its attempt to create an international food giant after more than two months of posturing, according to people briefed on the matter.