Kraft takeover Cadbury

[LucasLuke]

http://news.bbc.co.uk/1/hi/business/8467007.stm

Cadbury is to be taken over by the US food company Kraft after its board approved a new increased bid.
The Cadbury board has advised its shareholders to accept a new offer of 840 pence a share - valuing the company at £11.5bn ($18.9bn).
Kraft said the deal would create a "global confectionery leader".
But there are renewed fears over possible job cuts at Cadbury's UK operations as a result of the agreed takeover.
Shareholders have until 2 February to give the deal their backing, with the US confectioner Hershey apparently out of the race.
The offer will consist of 500 pence in cash, with the rest made of Kraft shares. Kraft will borrow £7bn ($11.5bn) to finance the deal.

[Hecktix]

It's an outrage :( :( :(

What about the British economy!!!!!!!111111111

[hah]

what about compeition laws lol??
as long as they dont change anything about cadburys its all fine lol (H)

[Immenseman]

why are they borrowing more than half the money lol surely if cadbury makes that much the board or w/e wouldn't sell. anyway, i don't get the big outrage. england is no longer a big country and can't keep up

[ecstasy]

not very surprising, it seemed that kraft were gonna keep throwing money at cadbury until they gave in

[GommeInc]

Slightly worrying they're borrowing money to assist the take-over. Cadbury's chocolate isn't that amazing, and it's better if Kraft take it than Hershey :P As long as the jobs remain intact, or mostly intact, it's fine (though unlikely).

[Alkaz]

why are they borrowing more than half the money lol surely if cadbury makes that much the board or w/e wouldn't sell. anyway, i don't get the big outrage. england is no longer a big country and can't keep up
Because we just give things away like this. Silly.

[Stryderman]

Does this mean they will still make the same chocolate or all cadbury will be taken off shelfs and replaced with "krafts krap"

[Misawa]

I don't see why people care. Everything will remain the same. With Cadbury being a century-old household name, the products will be as they were.

[Stryderman]

I get you.

[Alkaz]

If everything will be kept the same, why the need to sell.

[Titch]

Long as the products stay the same its okay :)

[GommeInc]

If everything will be kept the same, why the need to sell.
Future-proofing me thinks, although Cadbury weren't exactly going down the pot.

[Technologic]

Future-proofing me thinks, although Cadbury weren't exactly going down the pot.

they were planning on closing a production plant, kraft has said that office jobs wil likely go but theyre planning to keep production plants open and even open new ones. as long as it tastes and looks the same i do not care.


also, prefer galaxy.



and theres always the great british warburtons

[Tash.]

It's sad in terms of the job losses really, especially right now too. The chairman has confirmed that job cuts are inevitable.

http://news.bbc.co.uk/1/hi/business/8468540.stm

[Ardemax]

well it was going to happen

shame to see such a successful british company turn american

[Misawa]

Does anyone realise that Cadbury had a massive debt?

[-:Undertaker:-]

A sad end but good that an American company took it on rather than a European company, hopefully one day it will come back to the United Kingdom in some form or other. The stupid thing is that British/Americans cannot take over European companies in a way thats easy, whereas they can come over here and pinch our companies and thats them basically gone forever.

I hope it stays the same though and they don't try and attempt to tamper with the Cadbury brand.

[Black_Apalachi]

When companies are taken over, nothing necessarily changes. I don't even see why there are fears of job losses. I wouldn't mind if they did change the chocolate though because it's not very nice imo.

[Oleh]

I would have rooted for hersheys, i wanna try there candy seeing as they probably bring them

[LucasLuke]

I think It's horrific that our beloved foods are now going to modified to meet US tastes. US manufactures have no comprehension of what chocolate should taste like - that's why all the US jokes are about women eating ice cream, and here they are about women & chocolate.

Are Kraft going to continue the tradition of looking after their workers? This is after all what Cadbury's stands for - it's not just a company it's part of our history. No doubt the significance of the Bournville Estate on our culture is a cute marketing ploy to Kraft, but do they really get it?!

Cadbury have make quality products for 200 years..... just look at some of the crud that Kraft make - Jell-O gelatin, Miracle Whip, Velveeta processed cheese. I rest my case.

What Kraft should consider in their negotiations is that with Cadbury's it's not just business - this is personal.

[Jordy]

I think It's horrific that our beloved foods are now going to modified to meet US tastes. US manufactures have no comprehension of what chocolate should taste like - that's why all the US jokes are about women eating ice cream, and here they are about women & chocolate.

Are Kraft going to continue the tradition of looking after their workers? This is after all what Cadbury's stands for - it's not just a company it's part of our history. No doubt the significance of the Bournville Estate on our culture is a cute marketing ploy to Kraft, but do they really get it?!

Cadbury have make quality products for 200 years..... just look at some of the crud that Kraft make - Jell-O gelatin, Miracle Whip, Velveeta processed cheese. I rest my case.

What Kraft should consider in their negotiations is that with Cadbury's it's not just business - this is personal.It is just a business at the end of the day, nothing more, nothing less.

It's been tried and tested, American chocolate is not popular in the UK and neither is European chocolate in the US. There's no way they're going to tamper with all the Cadbury's products, because if they did, no one would buy them. There's no where saying they're going to be modified to meet US tastes.

And I didn't know that Misawa, it's funny how all news agencies missed out they were in debt to create all this hyperbole as per usual :(

[leah]

cadbury will remain in our hearts

[Sammeth.]

and our shops

[United-Clowgon]

And in our homes! Sick... carry it on! :P

[Black_Apalachi]

I would have rooted for hersheys, i wanna try there candy seeing as they probably bring them

They make cheese.

[hah]

they also make chocolate

[Black_Apalachi]

Oh, do they make any chocolate we have over here?

[Sammeth.]

yeah hershey's chocolate

[Misawa]

Hershey's is only available here via import, and has the most repulsive taste imaginable. Hershey's isn't owned by Kraft, either.

[Sammeth.]

Can still get it here nonetheless, its in quite a few of my local shops. Did anyone think it was owned by Kraft?

[Misawa]

Yes, you.

[Black_Apalachi]

Ohh I misread and didn't realise we were talking about a different company, when I mentioned cheese I was talking about Kraft. Apologies.

[Misawa]

Cadbury (until the takeover) Hershey's and Kraft are three completely seperate companies.

[CrazyColaist]

I don't see why people care. Everything will remain the same. With Cadbury being a century-old household name, the products will be as they were.


kraft probally wont use fair trade chocolate. which i find fair trade stuff alot nicer

[Eoin]

cadburys is rubbish chocolate.
nestle ftw!

[brandon]

Hershey's is only available here via import, and has the most repulsive taste imaginable. Hershey's isn't owned by Kraft, either.
I know it's sickly

I remember winning a competition for Cadbury's on my birthday when I was younger.

Got a lot of time for Cadbury's so I'm hoping nothing will change (apart from job losses) :(

[Alkaz]

I had a bar of Terrys Chocolate (also the people who make Terrys Chocolate Orange (I just found out)) earlier which is a product of KRAFT, it was truely disgusting so I hope they dont try and change any recipes.

[Sammeth.]

Yes, you.


When was this?

[Black_Apalachi]

I think Galaxy is the only chocolate I actually enjoy. I feel sick if I eat more than a couple squares of Dairy Milk.

[Alkaz]

They both have there weaknesses but I think Dairy Milk is the original and the best :D

[Black_Apalachi]

Galaxy has no weakness ==

[Misawa]

Galaxy is called "Dove" in USA. Random chocolate trivia.


When was this?

Sergio: Oh, do they make any chocolate we have over here?

Sammeth: yeah hershey's chocolate

[Black_Apalachi]

Lol, bet it tastes different though. I swear Twister ice lollies in Ireland taste different to ours!

[Stefy09]

They will probably take a dump in it to give it a bit of an american flavour

[Sammeth.]

Galaxy is called "Dove" in USA. Random chocolate trivia.



Sergio: Oh, do they make any chocolate we have over here?

Sammeth: yeah hershey's chocolate

I thought he was following on from what HC0R3HOOLIH00P was saying seeing as thats the post that was quoted, an understandable mistake on my half, though not once did I state Kraft owned Hersheys


I would have rooted for hersheys, i wanna try there candy seeing as they probably bring them


They make cheese.


they also make chocolate


Oh, do they make any chocolate we have over here?


yeah hershey's chocolate

[Black_Apalachi]

Ohh I misread and didn't realise we were talking about a different company, when I mentioned cheese I was talking about Kraft. Apologies.

Jeeze ==

[adaym]

It's an outrage :( :( :(

What about the British economy!!!!!!!111111111
should've thought of that before you vote labour :rolleyes:#

vote ukip and this won't happen. UKIP!

[dbgtz]

Politics has nothing to do with the situation LOL.

Also our country actually sucks, I've seen the weakness finally of our penis of a government. Also that's not avoiding the filter :)