Financial Times FT.com

Cadbury should await a properly Krafted formal offer

By Andrew Hill and Paul Betts

Published: October 21 2009 20:20 | Last updated: October 21 2009 20:20

At this stage in the Kraft-Cadbury stand-off, it’s all about air – and not just the hot variety, although there is plenty of that around too.

Cadbury measures volume by weight, which means that additional sales of the Wispa – a chocolate bar with tiny air bubbles running through it – do not contribute as much to the volume figure as sales of that solid old favourite, a slab of Dairy Milk chocolate.

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