Cadbury rejects hostile Kraft bid

Ben B · 09-11-2009, 22:27

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.

Osem · 09-11-2009, 22:30

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...