In the weekend of September the 26th there has been an attack on the Cadbury directors by the directors of Kraft Foods. Irene Rosenfeld, one of the directors of Kraft Foods, has accused the Cadbury directors that the potential takeover of Cadbury has become a game to Cadbury. It seems that the board of directors of Cadbury are more interested in keeping their company independent then to acquire a higher price for their company.
In the week of September the 14th there has also been gossips that the board of directors of Cadbury has been to America to get in favour with larger investors.
Now most of the people think that Kraft Foods will put a potential bid on Cadbury.
In my opinion, I think that Cadbury has the right to keep their company independent eventually they have founded the company. But I do not agree with the fact that Cadbury has put their price lower to keep the company independent.
If it’s true that Kraft Foods is interested to take over the company then they have to put a bid as soon as they can because there are rumours that American investors with a bigger capital may be interested too.
Finally I think that a takeover is a serious subject so Cadbury has to be clear and honest about it. Because otherwise the companies who want to takeover will not be interested in taking over the Cadbury.
Ruth Blommaert
Source: http://www.financialadvice.co.uk/news/5/investments/12152/Cadbury-takeover-turns-nasty.html
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