3 Feb 2010

Cadbury takeover confirmed

7:50 am on 3 February 2010

Kraft Foods has sealed its takeover of Cadbury, after shareholders in the chocolate maker voted in favour of the $US19 billion offer by the American food company.

Cadbury says it has received acceptances from investors holding almost 72% of the company.

Kraft says the combined entity creates a global powerhouse in snacks, confectionery and quick meals, with annual revenue of about $US50 billion.