Wednesday, September 9, 2009

Kraft to attempt to buy Cadbury to 10.2 billion GBP

The U.S. company Kraft has made a bid to acquire British food manufacturer Cadbury products for 10.2 billion pounds. One of the conditions the proposal is to preserve the jobs of the island, including maintenance of plant, purposely closing. The Board of Directors of Cadbury, however, refused the proposal and at present there is no deal, reports BBC. The proposal included Kraft e of 7.45 liras a share, as it should for each share of Cadbury to be paid to 3 liras cash plus 0.2589 shares of the capital of Kraft. Such a price is 42 percent higher than the close of July 3, calculated by the Market Watch. Kraft intentions were to build on already approved products and brands of Cadbury, including over perhaps the most famous product of the company - a series of chocolate Dairy Milk. In this way, you can create a "global leader in the manufacture of snacks, sweets and fast food products. Among the other famous brands of Cadbury chocolates are Green & Black's, pastille Halls, Dentyne and Trident chewing gum, etc.

No comments:

Post a Comment