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Cadbury shares push ahead to record high

Cadbury shares today arose by 17p to nearly £8.20 with speculation that Nestlé may be looking to enter the bidding war for the UK outfit. When you also consider that Ferrero, Hershey and Kraft Foods are also in the mix it would appear that the UK stock market believes that Cadbury's days as an independent outfit are most certainly numbered. However, there is still some way to go yet to appease Cadbury investors who are looking for a definitive bid in excess of eight pound per share. The only bid on the table at the moment is from Kraft Foods which values the group at around £7.20 share.

It may have taken some time for the Cadbury bid saga to "warm-up" but the weekend press has certainly covered this in detail amid informed sources confirming that various groups are now looking to enter the fray. As yet we have seen no official response from Cadbury directors, and indeed we are unlikely to see any until there are definitive bids and definitive expressions of interest on the table. Cadbury is in no rush to make a decision about accepting any potential bid in the future although behind-the-scenes it is likely the directors will be under increasing pressure to meet up with one or more of the potential bidders.

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