Birmingham based chocolate maker Cadbury has accepted a revised takeover bid of £11.5bn from its long term pursuer, the US food conglomerate Kraft.
The bid values the company at 840 pence per share. “We believe the offer represents good value for Cadbury shareholders,” said Cadbury chief executive Roger Carr. Today’s deal signals an end to a saga that first began in August last year. Kraft’s previous two bids of £9.8bn and £10.5bn for the Dairy Milk maker were…
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