Takeover Panel: Cadbury is entitled to submit annual accounts to 15 January 2010
December 31, 2009 – 11:00 am British Committee on Mergers and Acquisitions allow Cadbury PLC to file statements for 2009 to 15 January of the coming year to confectionary company able to produce it as evidence at the trial of a hostile takeover of the U.S. grocery giant Kraft Food.
Cadbury “pleased that shareholders have the opportunity to examine the latest data on our trading activities,” the statement quoted by Reuters Group.
Currently Kraft evaluates the British Manufacturer of 748 pence per share.
Dec. 14 Board of Directors of Cadbury second time unanimously rejected a proposal to acquire the company made Kraft Foods.
28 December it was reported that Italy’s Ferrero does not renounces possible prospects buy Cadbury. Board of Directors emphasized that he is interested in any alternatives to the hostile takeover by U.S. giant.
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