Swiss food company Nestlé has ruled itself out of the bidding for Cadbury and has instead given Kraft Foods the firepower to sweeten its own offer.
The maker of Nescafé, Kit Kats and Ski yoghurts declared today that it "does not intend to make, or participate in, a formal offer for Cadbury". This follows discussions with the Takeover Panel, which regulates merger activity in the UK. Full story...
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