Kraft Take Overs Ownership Of Cadbury

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LONDON, UNITED KINGDOM (GaeaTimes.com)- Cadbury, a leading sweets and chocolate manufacturing company of the world has lost its independence after they accepted the deal with Kraft, one of the food giants of the United States. As per the reports, the board members of Cadbury has decided to sell the brand to Kraft after they modified the deal and increased the amount of money. The takeover battle between Kraft and Cadbury was going on for several months and the final decision ultimately came in favor of the Kraft company.

Though the US food company, Kraft has been successful in acquiring the ownership of Cadbury, they might have to face challenges from Hershey. It has been reported that Kraft’s next aim would be to persuade the major stakeholders of Cadbury, as the time for counter offer will remain open till January 25. They will have to act cautiously as Hershey might use this opportunity and try to win the ownership of the company.

The stakeholders have not yet made any comment on the takeover of Cadbury yet many people in Britain have protested this deal. It has been reported that the agreement between Kraft and Cadbury have raised the eyebrows of people in Britain as they fear the change of ownership might lead to more job cuts. Unite, which is the largest workers union of Britain has not taken this deal positively. They have warned that the takeover of Cadbury by Kraft risks around thirty thousand jobs. Unite, in a statement said, “A colossal 22 billion pound worth debt will swamp Cadbury and could put at risk some 30,000 jobs…”.