NEW YORK (

TheStreet

) --

Kraft Foods

( KFT) might make changes to its $16.3 billion hostile takeover bid for British confectioner

Cadbury

( CBY), according to EU regulators, in order to soothe anti-trust concerns.

The European Commission says it plans to extend by 10 working days, from December 14 to January 6, its deadline to vet the commitments made by Kraft. If the regulators don't approve the deal by the deadline, they will conduct further investigations to examine the problems more closely.

A Kraft spokesman says that the company does not expect to have to make "material divestments" to gain EU approval -- probably in reference to selling off assets or business divisions.

Companies often sell off units, but can also make binding commitments, such as offering licenses more widely, to eliminate competition problems identified by EU regulators.

Cadbury is set to publish a formal response to Kraft's offer on Dec. 14.

On Friday,

Kraft took its hostile takeover offer for Cadbury directly to its shareholders

, in part

TheStreet Recommends

to beat rival suitors to the punch.

Those other companies include

Hershey

and Italian chocolatier Ferrero.

Nestle

(NSRGY) - Get NSRGY Report

may also be interested in buying Cadbury, according to observers.

-- Reported by Andrea Tse in New York

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

>> Who Will Win the Chocolate War?

>> Kraft Woos Cadbury Shareholders

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.