Cable Forum - Cadbury rejects hostile Kraft bid

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Cadbury rejects hostile Kraft bid

Quote:

Originally Posted by BBC News

Cadbury said it had "emphatically rejected" what it saw as the "derisory" offer, which will now be put directly to its shareholders.

Kraft offered a mixture of cash and shares for each Cadbury share - the same terms it proposed in September.

As Kraft shares have dropped in value since then, the bid is now worth less than the original Â£10.2bn approach.

http://news.bbc.co.uk/1/hi/business/8349832.stm

I'm glad they rejected the bid, Cadbury should stay British, they would be stupid to allow Kraft to buy them.

Re: Cadbury rejects hostile Kraft bid

Cadbury is without doubt a great British institution.... which is why they'll probably get swallowed up by some foreign owned conglomerate... :(

Kraft might get my support however if they promise to restore the nuts to Cadbury's Fruit & Nut - I've been greatly disappointed with the nut count my recent purchases! Thankfully coming here on a regular basis redresses the nut count balance however... :D