I know everybody has got tired of Kraft's attempt to acquire Cadbury but this deal continues to be the most important development in food industry in recent months...So I keep informing you if any new and interesting bits of information is around:

The European Commission has set a one-month deadline to rule on the possible hostile takeover of Cadbury by US food giant Kraft, the EU competition regulator said on Wednesday.

It said it will decide by December 14 whether it considers that a takeover could disturb competition in the sector, but gave no further details.

The Commission could clear the deal if it finds no competition concerns, but it is obliged to analyze the transaction because of the high turnover of the two companies.

If the Commission rules that the takeover could cause competition problems, there would still be several options available to Kraft, including making divestments or asset sales. In that situation, the Commission would have an additional ten days to assess any proposed remedy.

US hedge-fund manager, John Paulson, has doubled his stake in Cadbury on the same day the confectionary giant rejected a hostile takeover bid from Kraft, according to media reports.

According to a report in The Times, Paulson’s hedge fund company, Paulson and Co, paid $112m (€75m) for the additional shares, increasing his stake in Cadbury to just over 2 per cent.