Saturday, December 18, 2010
Kraft Foods: Control by the Cadbury.
<P> Yesterday, the world's second largest food company Kraft and the British confectionery giant Cadbury, respectively, issued a statement that the acquisition of the former to the latter condition has been fully met. .This means that the value of involving cash and stock acquisition of up to 190 billion into the closing stages. .</ P> <P> Kraft said yesterday, has gained control of Cadbury, the two sides will be snacks, sweets and fast food area to create a 50 billion U.S. dollars in revenue, and sales in 160 countries, large enterprises. .</ P> <P> Cadbury said in a statement, the time in London at 13:00 on February 2, Kraft, Cadbury received 987,684,041 shares of interest, or the equivalent of about 71.73% of the outstanding shares of Cadbury. .This has been achieved Cadbury conditions. .</ P> <P> Cadbury delisting from the stock market </ P> <P> Cadbury said that after the acquisition by Kraft will be delisted from the stock market. .Although the final is a foregone conclusion, but the integration of the two sides still face challenges. .</ P> <P> In addition, investment in the industry are also divergent views on this from the merger. .Standard & Poor's on Tuesday lowered the rating on Kraft to the BBB level, while Moody's said Kraft is no longer to maintain the rating downgrade, but outlook remains "negative." .</ P>.
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