Cadbury board gives approval to sweet Kraft offer
China Daily | Updated: 2010-01-20 08:08
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Passengers wait near a vending machine selling various Cadbury chocolate bars in Moorgate tube station, London. Kraft Chief Executive Officer Irene Rosenfeld increased the original bid after Cadbury rejected it as "derisory". Bloomberg News |
LONDON: Cadbury Plc's board agreed to an 11.9 billion-pound ($19.7 billion) takeover offer from Kraft Foods Inc, ending more than four months of resistance after the US company raised its bid.
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