Stocks in the news: Kraft, Cadbury, Comcast, General Electric, Clearwire

Kraft Foods Inc. (KFT) has made a 9.8 billion pound ($16.4 billion) cash-and-stock offer for Cadbury PLC (CBY). Unable to seal a friendly deal and as the deadline for Kraft to make an offer was today, the bid has been expected to turn hostile. Kraft indeed went directly to shareholders with a lower offer than its previous rebuffed approach, but many of the shareholders are hedge funds with perhaps different interests. Cadbury advised its shareholders to reject the offer, saying it is "derisory" and represents a worse deal than when Kraft made its original approach in September. CBY shares traded over 1% higher in premarket trading.

Comcast (CMCSA) and GE (GE) have reportedly agreed on the worth of NBC Universal, thus clearing another hurdle. The value is reportedly around $30 billion. CMCSA shares were 2% higher, GE's nearly 3% higher ahead of the bell.