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Rosenfeld Defends ‘Transformational’ Cadbury Acquisition

|Includes: BRK.A, BRK.B, Mondelēz International, Inc. (MDLZ)

In an exclusive interview today on Bloomberg  Television, Irene Rosenfeld, CEO of Kraft Foods, strongly defended the company’s acquisition of Cadbury which closed earlier this year.  Ms. Rosenfeld believes that investors who remain skeptical regarding the acquisition will eventually be won over as projected synergies appear in financial results.  Skeptical investors include Warren Buffett who opposed the acquisition and “felt poorer” based on the terms of the deal.  Mr. Buffett has reduced Berkshire Hathaway’s stake in Kraft in the months since the Cadbury acquisition closed.

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Disclosure: Long Berkshire