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Royal Bank of Scotland part of Kraft Foods finance team

It has been revealed that state-owned Royal Bank of Scotland is part of the Kraft Foods finance team putting together funding for a potential £10.2 billion bid for Cadbury. While the informal offer was made some time ago, there are rumours in the market that Kraft Foods could go hostile over the next few days as well as talk that Unilever may be about to enter the bidding with an £8.50 a share offer. All in all, it seems as though the potential takeover of Cadbury will come to a head over the next couple of weeks.

This is a saga which has been going on for some time amid a cat and mouse game between Kraft Foods and Cadbury management, with many people suggesting that the companies make an excellent fit. The clever money would still appear to be on a merger of the two operations but if Unilever were to enter the fray this could well bring in other potential bidders and open up the situation yet further.

Despite rumours of further bids for other UK companies, with Sainsbury's one mentioned recently, nothing definite has materialised over the last few weeks although many believe that foreign buyers are looking towards the UK, especially with the exchange rate under pressure.

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