After that a 60-day offer-period begins during which Kraft mayrevise the terms of its bid to garner enough support from shareholders for a deal and Cadbury can argue against the offer.
"Ultimately the French may have to revise their own timetable for withdrawal unless they somehow persuade someone else to pick up the slack, which is unlikely, " said J.
Meanwhile, though, the issue may be decided by the FDA. The agency recently disclosed plans to revise its regulations so that generic drugmakers can update product labeling and warn patients about risks associated with their drugs.
The continuing waves of negative economic reports in May, June, July and now into August have had economists scrambling to revise their growth forecasts downward, but they have not been quick enough to keep up with the pace of the downbeat reports.