Journalists Duane D. Stanford and Andrew Cleary from Bloomberg report that Cadbury Plc, the maker of Dairy Milk chocolate, has rejected Kraft Foods Inc.'s unsolicited takeover offer of approximately $16 billion after Kraft did not sweeten its initial bid.

Read the full text of their article "Cadbury Rejects Kraft's Unsolicited Takeover Offer as Too Low" at www.bloomberg.com