Showing posts with label merger. Show all posts
Showing posts with label merger. Show all posts

Tuesday, January 26, 2010

Cadbury ain't English Anymore

After months of fierce resistance, Cadbury's accepted the 11.5 billion pound ($19.5 billion) takeover from Kraft Foods Inc. The two companies when merged together will form the world largest confectionery company. A Kraft-Cadbury combination will create a portfolio with more than 40 confectionary brands, each with annual sales in excess of $100 million.