from The Wall Street Journal
Kraft Foods launched a hostile bid for the U.K.'s Cadbury PLC valuing the company at 9.8 billion pounds($16.28 billion), setting in motion a tussle for control of the British confectioner.
By making its offer official, Kraft is appealing directly to Cadbury shareholders to accept a merger proposal that Cadbury's executives and directors have steadfastly rejected. Kraft, facing lackluster sales and upward pressure on its raw-material costs, wants to absorb Cadbury to boost its exposure to developing markets and growth prospects.
http://online.wsj.com/article/SB10001424052748704402404574524952121366382.html?mod=djemalertNEWS
News Alert #2 (perhaps not so relevant)
from The Wall Street Journal
In a tight vote, the House passed its sweeping health bill late Saturday, marking the biggest victory yet for Democrats in their drive to create near-universal health insurance.
The bill passed by a 220-215 margin. It came after House leaders made a surprise last-minute concession that blocks abortion from the new government insurance plan in order to win over wavering Democrats.
In a tight vote, the House passed its sweeping health bill late Saturday, marking the biggest victory yet for Democrats in their drive to create near-universal health insurance.
The bill passed by a 220-215 margin. It came after House leaders made a surprise last-minute concession that blocks abortion from the new government insurance plan in order to win over wavering Democrats.
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