Cadbury union bosses have again this week voiced their concerns over the prospect of successful Kraft Foods takeover, claiming a victory would mean likely cuts in investment at the UK confectioner. Kraft, meanwhile, put forward possible changes to its proposals, managing a delay the European Commission’s deadline for reviewing its proposal. On Monday, Cadbury will formally respond to Kraft’s bid in London.
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UK: Union warns on Kraft’s investment plans for Cadbury
A UK union has warned that if Kraft Foods is successful in its hostile bid to acquire Cadbury, the US food giant would likely cut investment in the confectionery group.
EU: Kraft offers EU concessions on Cadbury deal
The European Commission has extended its deadline for reviewing Kraft Foods’ proposal to acquire Cadbury after the US group offered concessions to ease antitrust concerns.
US: Hershey, Nestle “in contact over Cadbury bid”
US chocolate giant Hershey has been in contact with Nestle over a possible joint bid for Cadbury, according to reports.
UK: Cadbury to respond to Kraft offer next Monday
Cadbury will formally respond to Kraft Foods’ hostile takover bid when the UK confectioner delivers its pre-close trading update next Monday (14 December).
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