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P.L. Thomas (PLT)
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.
Monday’s $16.3bn (€10.9bn) formal bid by Kraft was labelled “derisory” by Cadbury, according to the report.
Paulson, who made billions from the US sub prime mortgage crisis, was reportedly the industry’s highest paid hedge fund manager in 2007.
