Kraft became “hostile”

By: trademagazin Date: 2009. 11. 10. 00:00

According to Reuters’ sources; Kraft will take an officially hostile 10.2 billion pounds takeover bid, after Cadbury rejected Kraft’s former acquisition steps.

The British company ,two months ago rejected the confectionery industry giant. Despite this, Kraft is not expected to significantly alter its offer, and will give it directly to the investors.
After the starting of the process, Kraft will have 28 days to send the offer to the shareholders, who will have a 60 day decision-making time after the receive. The Board of Cadbury is expected to discuss the bid of Kraft, at today's meeting – reports Világgazdaság Online.

Related news