Kraft improves Cadbury offer

FILE - In this Feb. 25, 2009 file photo, a Cadbury chocolate bar is seen for sale in a shop in London. (AP Photo/Kirsty Wigglesworth) (AP Photo/Kirsty Wigglesworth)

January 5, 2010 5:50:07 AM PST
The likelihood of a bidding war for British candy maker Cadbury PLC receded on Tuesday after Switzerland's Nestle SA ruled itself out as a suitor - and instead gave Kraft Foods Inc. a bundle of cash to sweeten its own hostile offer.