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PELTZ'S CADBURY STAKE MELTS

US billionaire investor Nelson Peltz has cut his stake in takeover target Cadbury to 2.68 per cent from 3.03 per cent. Peltz also owns a stake in Kraft, which has launched a hostile &pound;9.8bn bid for?Cadbury. Rival candy-maker Hershey is said to be near to trumping Kraft&rsquo;s offer, after gaining local political approval.<br /><br />