RC Business

We have followed the proposed takeover of Cadbury’s with alot of interest.  The deal looks like coming to an end as Kraft’s latest offer of £11.9 bn has been agreed with the Cadbury board. Cadbury’s chairman says “the offer represents good value for Cadbury shareholders.” The offer is £8.40 per share.

Cadbury’s employ 45,000 people worlwide including 5,600 in the UK and Ireland.

Still, many Cadbury shareholders may vote to reject the offer. Some view this as a hostile takeover by a company who may asset strip Cadbury’s in order to finance the deal. Unions fear redundancies. It’s still not too late for a counter bid, with Hersey said to be monitoring the situation.

“There’s many a slip between cup and lip!”

Kraft biggest shareholder is Warren Buffet.

Business