Why kraft takeover cadbury

Learn more and compare subscriptions content expands above. Full Terms and Conditions apply to all Subscriptions. Or, if you are already a subscriber Sign in. Other options. Close drawer menu Financial Times International Edition. Search the FT Search. World Show more World. US Show more US. Kraft later defended itself by saying that when it had more information it realised it was not "feasible to keep Somerdale open". So changes to the takeover code mean Pfizer has given more detail about its intentions for AstraZeneca if the deal were to happen.

Here are some of the key areas of the takeover process that were amended after the Cadbury deal. Under changes to the takeover code, bidding firms are required to give more information about their intentions towards the firm after the takeover. That includes potential repercussions for jobs and assets like factories. The bidder also has to offer information about the locations of company headquarters.

The US firm said its commitments would be valid for five years, unless circumstances changed significantly. Salmaan Khawaja is a corporate finance director, at Grant Thornton and worked at the takeover panel for two years. He says Pfizer's behaviour is not just about complying with the revised rules. Rosenfeld has repeatedly insisted she will not overpay for Cadbury and has a history of sticking to her guns for Kraft.

Kraft is No. Combined, they would edge out privately owned Mars-Wrigley from the global No. Related Coverage. See more stories. Kraft now has 28 days to post its official offer document to Cadbury shareholders, which will then trigger the day bid timetable under British takeover rules. When disclosed on September 7, the bid was at pence per share.