Cadbury accepts improved offer from Kraft
British confectionery group Cadbury has caved in to an improved takeover offer from US rival

Cadbury, founded in1824, is the 2nd largest confectionary maker, after Mars-Wrigley.
The Kraft Company is taking over Cadbury's in the UK, read about it here Kraft is the world's second-biggest snacks group after Swiss-based Nestle.
This amount of money confounds me!
But some history:
- John Cadbury, a Quaker, opened a shop in Birmingham in 1824, selling tea, coffee and hot chocolate - as an alternative to alcohol
- Merged with rival confectioner J.S. Fry & Sons in 1919
- Merged with Schweppes drinks business in 1969.
- Employs about 45,000 people in 60 countries
KRAFT FOODS
- Founded in Illinois as a cheese wholesaler in 1903
- Bought in 1988 by Philip Morris, which also purchased Nabisco for $19.2bn in 2000 before integrating it into Kraft Foods
- More than 40 of its brands are more than 100 years old
- Has 98,000 employees and 168 manufacturing and processing facilities worldwide.
No comments:
Post a Comment