The US food company Kraft is to acquire the British chocolate producer Cadbury. The take-over will cost 13.9 billion euros, part of which will be paid in cash and the rest in shares. Cadbury's board has approved the take-over and expects the shareholders to agree.
The friendly bid has put a stop to the take-over battle. Cadbury rejected an offer in September. Kraft's bid was then two billion euros lower. Higher bids made by Kraft at a later date were continually turned down.
Photo 1: Cadbury's chocolate bars (Flickr / andreakw)
Photo 2: Milka is a Kraft product (Flikr / NiklasNikon)
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