No timetable for selling Cadbury's american beverage unit

Cadbury Schweppes has extended the timetable for taking bids for its U.S. beverage unit because of market volatility.

 The division includes 7-Up, Dr
Pepper and Snapple soft drinks. Wall Street companies in the last week have
been unable to raise money from the credit markets for private-equity firm
Cerberus Capital Management's buyout of most of Chrysler or for the leveraged
buyout of General Motors Corp.'s Allison Transmission. A deal to sell $10.3
billion in loans from the leveraged buyout of popular U.K. retailer Alliance
Boots PLC was delayed because the banks arranging financing for buyer Kohlberg
Kravis Roberts failed to sell senior loans backing the deal.