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Cheesed off

5 January 2010 By Jeffrey Goldfarb

The Sage’s reproach of the Cadbury bid leaves Irene Rosenfeld with few palatable options. At best, she tweaks it to address Buffett’s concerns about share issuance. At worst, the bid fails. Either way, she can’t undo a rare public scolding from the world’s most admired investor.

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