LONDON (AP) — British chocolate and gum company Cadbury PLC said Thursday it will publish an updated defense against Kraft Foods Inc.'s hostile takeover bid next week, followed by a report of its 2009 financial performance.
Cadbury will publish its defense on Tuesday, and two days later will report on its profit and loss account for last year.
Kraft has until Feb. 2 to line up a majority of Cadbury shareholders to accept its 10.3 billion pound ($16.5 billion) offer. Kraft said Wednesday it had received acceptances from holders of 1.5 percent of Cadbury shares so far.
