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Cadbury shares hit record high after rival bids

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Cadbury shares hit record high after rival bids

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Shares in the British confectioner Cadburys have hit a record high due to expectations that Kraft will raise its bid for the company.

Cadburys are unhappy with Kraft’s initial offer of 11.2 billion euros. There are still other major players interested in the famous chocolate-maker – US based Hershey, Italian firm Ferroro and Switzerland’s Nestle are all still weighing bids.