Kraft gets over 75 percent of Cadbury, to delist shares

LONDON Fri Feb 5, 2010 7:50am EST

The Cadbury name is seen on a bar of Dairy Milk chocolate in this photo Illustration taken in Manchester, northern England, on January 19, 2010. REUTERS/Phil Noble

The Cadbury name is seen on a bar of Dairy Milk chocolate in this photo Illustration taken in Manchester, northern England, on January 19, 2010.

Credit: Reuters/Phil Noble

Related Topics

LONDON (Reuters) - Kraft Foods KFT.N on Friday said it had 75.41 percent acceptances from Cadbury Plc CBRY.L shareholders by 1900 GMT on February 4 in its takeover of the British confectioner and will now move to delist Cadbury no earlier than March 8.

Kraft said in a statement that assuming it gets 90 percent acceptances from Cadbury shareholders it intends to move toward the compulsorily purchase of any outstanding shares of Cadbury. It added that its final offer remains open until further notice and urged all Cadbury shareholders to accept its takeover offer.

Kraft announced on February 2 that it had acceptances of almost 72 percent of Cadbury's stock to seal its 11.7 billion pounds ($18.4 billion) takeover of Cadbury and create the world's biggest confectionery group after a near five-month takeover battle.

(Reporting by David Jones; Editing by Mike Nesbit)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
linxiaoyu wrote:
Want To Find Cheap shoes and clothing?The Faithworthy Shoes From The Official Appointed Factory In China?Enjoy The Authentic Shoes and clothing With the Fake Price!Low to $55,Free Delivery In One Week And No Sale Tax!
www.ongoin.com
www.onseeking.com
We offer a large rank of Puma Shoes. All of them are original level and cheap,either retail or wholesale is accept on ongoin.com,we can offer the lowest price with the Original Puma Shoes, if your order is up to 50PCS,the Price will be more favorable.We provid perfect after sale service,Delivery Free and No Sake Tax.Please trust to purchase!
www.ongoin.com
www.onseeking.com
E-mail:ongoin@msn.com
onseeking@msn.com
Gmail:ongoinnew@gmail.com
onseeking@gmail.com

Feb 05, 2010 8:20pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.