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SAN FRANCISCO — Shares of food makers were mixed in Tuesday trading after Kraft announced a bid to buy British candy and drink maker Cadbury PLC for $16.7 billion in stock and cash.
Cadbury rejected the offer, opening the possibility that other suitors will enter the fray.
Shares of Kraft Foods Inc. fell $1.49, or 5.3 percent, to $26.61.
Other food makers' shares rose on the notion that they or their brands also might be acquisition targets.
Shares of Campbell Soup Co. rose $1.28, or 4 percent, to $32.47.
General Mills shares rose $1.75, or 3 percent, to $60.26.
Heinz shares rose $1.51, or 4 percent, to $39.31.
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