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British up in arms over Cadbury takeover by Kraft

Possibly fearing spreadable chocolate in a tube, the British are very worried now that Cadbury has accepted American processed food giant Kraft Food’s $19.5bil takeover offer which, if it goes through, would supplant Mars as the world’s largest confectioner.

Even Warren Buffett, representing Kraft’s largest shareholder Berkshire Hathaway, voted against issuing more stock to fund the takeover, but it appears to be a done deal.

Kraft is the maker of such food items as Velveeta, Cheez Whiz, Sanka and Shake and Bake, but is also the owner of such prestige brands as Jacobs Kaffee (a leading German coffee brand), A1 Steak Sauce, Milka (ubiquitous Swiss chocolate), Gevalia, Grey Poupon, Philadelphia Cream Cheese and Vegemite. They are also a major supermarket manufacturer for companies like Taco Bell and California Pizza Kitchen.

The Brits are not only worried about their famed “Dairy Milk Chocolate” products, but are also worried about the migration of jobs to Eastern Europe.

Here is an article that covers the whole situation:

http://news.yahoo.com/s/ap/20100119/ap_on_bi_ge/kraft_cadbury

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One response to “British up in arms over Cadbury takeover by Kraft

  1. Mari January 21, 2010 at 10:09 am

    Nooooo….. and this is said as a US person who doesn’t get to see Cadbury much.

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