US/UK: Kraft to snap up outstanding Cadbury shares
By just-food.com | 15 February 2010
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Kraft's GBP11.7bn bid was accepted by Cadbury's board last month |
Kraft Foods has started to buy any remaining shares in Cadbury after over 90% of the Dairy Milk maker's shareholders accepted the US food giant's takeover offer.
In a statement to the London Stock Exchange today (15 February), Kraft said it would "compulsorily" buy the outstanding shares after crossing the 90% threshold.
Cadbury, which makes Trident gum and The Natural Confectionery Co. candy, will be delisted by 8 March.
Sectors: Bakery, Confectionery, Emerging markets, Snacks
Companies: Cadbury, Kraft Foods, Dairy Milk
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