Tuesday, January 19, 2010

Cadbury Accepts Kraft

Cadbury has accepted a deal, worth $19.5 billion, from Kraft. The deal ultimately makes Kraft the world's largest chocolate maker, as well as the second largest gum manufacturer.

After 4 months of struggle on the part of Cadbury's board, the company recommended that shareholders accept the deal that would amount to $13.78 a share.

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