Cheese to eat Chocolate?

Philippines
January 21, 2010 8:39am CST
What would a cheese company do with a chocolate company? Cadbury accepts Kraft’s $19.5 billion buyout bid Deal will make world’s largest chocolate maker, 2nd biggest gum producer updated 8:36 a.m. PT, Tues., Jan. 19, 2010 LONDON - After months of fierce resistance, Cadbury's about-face to accept a sweetened 11.5 billion pound, or $19.5 billion, takeover from Kraft Foods Inc. — forming the world's biggest candy company — has alarmed British unions, lawmakers and chocolate lovers. With Cadbury shareholders expected to agree to the deal and a rival bid from The Hershey Co. looking less likely, opponents fear the U.S. multinational's impact on one of Britain's oldest and best-loved brands. Just days after Cadbury declared its suitor a "low growth" company with a "long history of underperformance," the British maker of Dairy Milk chocolates and Dentyne gum capitulated to a raised bid of 840 pence, or $13.78, per share "This is a very sad day for U.K. manufacturing. A successful, iconic, independent U.K. brand will now be owned by a giant company with massive debt," said Jennie Formby of the Unite union, which had campaigned against Kraft's offer.
3 people like this
4 responses
@natnickeep (2340)
• United States
21 Jan 10
When I first starting reading it didn't sound that big of a deal. I like both of the companies. But when you discuss the technical issues and the debt of the company then it doesn't sound so good. Does this mean we might loose Cadbury eggs :( hehe
1 person likes this
• Philippines
21 Jan 10
we might loose the chocolate totally. Regards
1 person likes this
• United States
22 Jan 10
:( I am sad now. Why would Kraft do that if they know people love the company. They could make more money just leaving stuff how it is and maybe add a few other products.
@savypat (20246)
• United States
21 Jan 10
Just from what I read it looked like Cadbury was done regardless what. Kraft is a hugh diverse company and whether this is a good move for them or not,only time will tell. I don't own stock in either one so I don't know anymore than what was in your discussion.
@laglen (19782)
• United States
21 Jan 10
mmmmmm chocolate covered cheese? Companies diversify so much now a days you would be surprised what companies are mixed now. Chocolate covered cheese.... hhhhmmmmm
• Philippines
23 Jan 10
hhhmmm... I would love to try that. chocolate covered cheese. Here in our country, Kraft's products are cheese and juices but not chocolates. In my opinion, Kraft have thought of this decision well enough that the high stake gamble would be of not much big deal for them. Here, their fruit juices and teas are dong great. Regards
@TAZNEM (656)
• Philippines
26 Feb 10
hmm well these products are made from milk so maybe they bought it because they have the same raw material for these product and that they will be able to increase profit by making their products be available in wide variety