Tuesday, June 19, 2007

Cadbury sees acquisition warchest up to 1 bln stg

(Reuters) - "We will have a warchest of between 500 million pounds and 1 billion pounds for bolt-on acquisitions," said Stitzer at a briefing on its new confectionery strategy.




However, many analysts see Cadbury as a standalone confectionery group more as prey rather then predator, with U.S. rivals Wm. Wrigley Jr. Co. , Hershey Co and Kraft Foods Inc being the most likely buyers.


Read more at Reuters.com Mergers News

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