Sources say Kraft (KFT) is putting the finishing touches on an £11B hostile cash-and-stock...

|By:, SA News Editor

Sources say Kraft (KFT) is putting the finishing touches on an £11B hostile cash-and-stock bid for Cadbury (CBY). Financing is being organized by Kraft's advisors, Citigroup (C), Deutsche Bank (DB) and Lazard (LAZ); with $18B in debt, Kraft will have to tread carefully or risk losing its investment grade credit rating.