Kraft success raises hope amid loan drought

Kraft Foods has raised a $9bn bridge loan from nine banks to support its £10.2bn ($16.7bn) bid for the UK’s Cadbury, in a deal which could a have a positive knock-on effect for the European market.

  • 04 Nov 2009

The US firm, which has until November 9 to show the British Takeover Panel that it has funding for the bid, had its initial cash and share bid for the chocolatier rejected in September.

Barclays Capital, Citi, Deutsche Bank and HSBC are among the underwriters, and the deal will ...

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