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Kraft seal the Cadbury deal |
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Wednesday, 03 February 2010 |
 Kraft Foods have confirmed that they have successfully completed the aquisiton process of Cadbury, with shareholders representing 71.7% of the UK chocolate maker approving the US$18.9bn bid.
 With the deal complete, Kraft are now the world's largest chocolate manufacturer, with sales represented in over 160 countries. However, concerns have been voiced over the future of UK jobs and Kraft's substantial debt, now said to be around 22bn pounds.
UK Business Secretary Lord Mandelson has spoken of his "dissapointment" that Kraft could not commit to managing Cadbury's brands in Britain. He secured a meeting with Kraft boss Irene Rosenfeld less than two hours after the deal was announced to seek reassurance for the 4,500 UK Cadbury workers who now face a more uncertian future. Around 100 employees have protested in London carrying placards reading "Keep Cadbury British".
(Images: ©2010 Cadbury plc)
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