Kraft seeks $8 billion for Cadbury bid


Kraft Foods Inc, which went public on Monday with a $16.7 billion offer for Cadbury PLC that the British candy maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.

Kraft has been in talks with Deutsche Bank AG and Citigroup Inc on setting up debt to cover almost half the cost of the bid, sources close to the developments told the news agency.

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