Friday, April 13, 2007

UPDATE 1-Cadbury surges after Cott shares suspended

(Reuters) - LONDON, April 13 - Shares in Cadbury Schweppes Plc surged almost 5 percent after rival soft drinks group Cott Corp.'s shares were suspended and due to growing interest by private equity groups in Cadbury's beverage unit.

The London-based group's shares rose as high as 700 pence to top the FTSE 100 gainers on Friday before closing up 1.7 percent at 678p, making it the tenth biggest index gainer, after Cott shares stopped trading in Toronto "pending news", which traders said could be news of a Cott plan to buy Cadbury's drinks unit.


Read more at Reuters.com Mergers News

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