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Crain’s Chicago Business reports that Kraft Foods, still intent on landing the big fish that is Cadbury PLC, is offering concessions to European union regulators concerned that the proposed $16.1 billion acquisition of the British chocolate maker could be anti-competitive.

The concessions include divestitures, though none that Kraft labeled as major.

Meanwhile, Hershey is said to be close to making a decision about whether to launch a competing bid for Cadbury.

The Kraft proposal has been met with skepticism and downright hostility by the Cadbury board, which has said that it is insufficient.
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