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Article: Kraft secures pounds 5.4billion for fresh Cadbury bid.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: GRAEMEBROWN
American food giant Kraft has taken a big step forward with its' pounds 10.2 billion plans to take over Cadbury after it secured pounds 5.4 bn in bridge financing from a group of nine banks.
Directors of the Bournville chocolatemaker, which employs 2,500 people in the West Midlands, wish to remain independent but are bracing themselves for a bid from Kraft ahead of next Monday's 9 deadline.
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