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Originally Posted by BBC News
Cadbury said it had "emphatically rejected" what it saw as the "derisory" offer, which will now be put directly to its shareholders.
Kraft offered a mixture of cash and shares for each Cadbury share - the same terms it proposed in September.
As Kraft shares have dropped in value since then, the bid is now worth less than the original £10.2bn approach.
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http://news.bbc.co.uk/1/hi/business/8349832.stm
I'm glad they rejected the bid, Cadbury should stay British, they would be stupid to allow Kraft to buy them.