Reuters first with Cadbury investor naming price for Kraft bid

Reuters readers were the first to know on Oct. 22 that a major Cadbury investor broke ranks to set a low floor for a bid from suitor Kraft, signaling that shareholders think a counterbid is becoming ever more unlikely. The top 10 shareholder told us that a raised bid of 820 pence from Kraft would “certainly stack up” and followed it up by saying it would be “challenging” for Cadbury to meet its sales and profit margin targets if the group were to remain independent