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Kraft (KFT) says Cadbury (CBY) rejected its £10.2B ($16.73B) acquisition offer, but that...

Kraft (KFT) says Cadbury (CBY) rejected its £10.2B ($16.73B) acquisition offer, but that it remains committed to reaching a deal. The bid (300 pence in cash and 0.2589 KFT shares per CBY share) represents a 31% premium to Cadbury's Friday close. The giant combo would have $50B in yearly revenue. CBY +37% in London. KFT -2.3% in Frankfurt.
Comments (1)
  • LKofEnglish
    , contributor
    Comments (4386) | Send Message
     
    and its off to the races! I voted for Barak Obama but this is precisely why Democrats should be banned for life from running Congress. First its voting for the bailouts (in a Congress THEY controlled of course) and then its creating an economy where deals like this are slam dunks. First give Wall Street taxpayer trillions then ruin the economy so they can rake in even more. GREAT
    7 Sep 2009, 11:02 PM Reply Like
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