Cadbury Schweppes has turned down a fresh approach for its drinks arm from a private equity consortium, the Financial Timesreported today.
The world's largest confectionery group turned down the offer of between £6.4 billion and £6.9 billion from the Blackstone, KKR and Lion Capital consortium last week as it did not like the terms, the paper said.
Cadbury said in March it would separate its Dr Pepper and 7UP unit.
