Kraft Foods Inc. is poised to launch a hostile bid for British candy maker Cadbury PLC, The Observer said Sunday, citing unnamed sources.  Kraft earlier this month made a $16.7 billion stock-and-cash proposal that was rebuffed by the U.K. confectionary company. Cadbury has repeatedly said it is not interested in a takeover but the U.S. food maker has said it remains focused on continuing negotiations.
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