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 £9.8bn bid for?Cadbury. Rival candy-maker Hershey is said to be near to trumping Kraft’s offer, after gaining local political approval.