Kraft nabs Cadbury with a bid worth more than $19 billion

01/19/2010 | Wall Street Journal, The · Reuters

Iconic British chocolatier Cadbury has accepted a takeover offer of more than $19 billion from U.S. conglomerate Kraft Foods. The last-minute agreement, after months of sometimes-hostile talks, represents an increase from Kraft's September offer of about $16.5 billion. Major Kraft investors, including Warren Buffett's Berkshire Hathaway, had expressed concern that the deal would cost Kraft too much.

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Wall Street Journal, The · Reuters

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