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 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.