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Cadbury rejects Kraft again

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Cadbury rejects Kraft again

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Unveiling its defence against a takeover offer from Kraft Foods, Cadbury said it has received interest from other bidders, but declined to name Hershey or Italy’s Ferrero .

The British confectioner accused Kraft of “trying to buy Cadbury on the cheap” and advised shareholders to reject the bid calling it “wholly inadequate.”

Cadbury also raising its annual sales growth target and reported upbeat trading.