Kraft Foods to take over Cadbury

Tuesday 19th January

After much speculation and to-ing and fro-ing over the last few months Kraft’s bid for Cadbury’s is being finalised. The move ends one of the City’s most fiercely contested bid battles, and Cadbury’s decision comes after Kraft raised its offer from £10.5 billion to about £11.7 billion, or roughly 761p per Cadbury share to 840p a share, plus a 10p a share dividend to Cadbury shareholders. The deal ends a proud heritage for Cadbury as an independent company and their role…