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Published December 31, 2009, 08:14 AM

Kraft, Cadbury agree on new deadline

The U.K. Takeover Panel said Wednesday that it had extended the deadline to allow British chocolate and candy maker Cadbury PLC to disclose any new information about the bid by Kraft Foods Inc. to acquire it.

LONDON (AP) — The U.K. Takeover Panel said Wednesday that it had extended the deadline to allow British chocolate and candy maker Cadbury PLC to disclose any new information about the bid by Kraft Foods Inc. to acquire it.

Cadbury had faced a deadline of Jan. 12 for publishing new information about the hostile takeover, but the Takeover Panel agreed to extend that to Jan. 15 to allow Cadbury to publish estimated trading results for 2009.

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