Cadbury set to buy Danish gum company

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Related tags: Cadbury plc, Kraft foods, Kraft

British confectionery and drinks group Cadbury Schweppes Plc is set
to make a £350 million pound ($507 million) takeover of privately
held Danish chewing gum firm Dandy, the Sunday Telegraph reported.

British confectionery and drinks group Cadbury Schweppes Plc is set to make a £350 million pound (€507 million) takeover of privately held Danish chewing gum firm Dandy, the Sunday Telegraph reported.

Dandy is best known for its Stimorol chewing gum. Its other brands include the Dirol and V6 chewing gums.

Cadbury has made a number of acquisitions involving chewing gum in the past two years. In 2000 it bought the French chewing gum and candy business of U.S. food group Kraft Foods Inc, in a deal estimated to be worth £250 million, giving it access to the well-known Hollywood chewing gum brand.

A Cadbury spokesman declined to comment on the unsourced report.

Cadbury shares closed up 0.7 per cent at 497-1/4 pence on Friday. The stock has outperformed the FTSE Eurotop 300 index (.FTEU3) by nearly 30 per cent over the last year.

Related topics: Manufacturers, Gum, Mondeléz International

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