Hedge Funds Like Cadbury, Shorts Like Kraft

Date: Monday, November 16, 2009
Author: Seeking Alpha.com

The FT reports increasing hedge fund interest in Cadbury (CBY), showing growing confidence that the hostile Kraft (KFT) bid will succeed. The short base in Kraft has risen to 3.8% from 3.5% a week ago; analyst and media comment has focused on the advantages to Kraft of acquiring Cadbury, but there are some potential pitfalls - the EC will give a competition ruling on 14th December.