Buffett also arrived into the Kraft-Cadbury match
Warren Buffett, the world's most successful investor – whose holding company is the largest owner of Kraft Foods with a 9.4 percent share – criticized the company's takeover bid for the British confectionery firm Cadbury.
"The shareholder, who say yes to the acquisition, nods to a huge transaction, which details are not yet clear. Noone knows how much will be paid and how will be paid" – said Buffett. According to Buffett; Kraft's should not be pay with its lower-priced shares for Cadbury.
Irene Rosenfeld, Kraft’s CEO offered 17 billion USD, on the 4th of December for the shares of the chocolate company. The management of Cadbury rejected the hostile takeover bid, saying they assesses Cadbury, that facing with revenue and profit growth – reports Világgazdaság Online.
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