Cadbury and Kraft

The acquisition of Cadbury confront widespread disapproval from the British public, as well as groups and organisations including merchandise union Unite,29 who fought against the acquisition of the society which, according to Prime Minister Gordon Brown, was very(prenominal) important to the British economy. 30 Unite estimated that a takeover by kraft could put 30,000 jobs at risk,243132 and UK shareholders protested over the Mergers and Acquisitions advisory fees charged by banks. Cadburys MA advisers were UBS, Goldman Sachs and Morgan Stanley. 333435 Controversially, RBS, a bank 84% owned by the United Kingdom Government, funded the kraft paper takeover. 3637 http//www. publications. parliament. uk/pa/cm200910/cmselect/cmbis/234/23405. htm High quality international journalism requires investment. Please share this article with others using the link below, do not cut paste the article. See our TsCs and Copyright policy for more detail. Email ftsales. emailprotected com to b uy additional rights. http//cachef. ft. com/cms/s/a153ff94-595f-11df-99ba-00144feab49a. htmlixzz1dKyAgSEK Cadbury helps Kraft to 26% rise in revenuesBy Greg Farrell in New York and Elizabeth Rigby in capital of the United Kingdom Published whitethorn 6 2010 2354 Last updated May 6 2010 2354 Kraft Foods reported net revenues of $11. 3bn for the scratch quarter 2010, a 26 per cent gain over the equal period in 2009, much of it fuelled by the US food companys acquisition of Cadbury, completed in February, and aided by well-disposed currency exchange rates. Organic revenues for Kraft grew 3. 3 per cent for the quarter, enchantment Cadburys organic revenue growth was 8. 2 per cent. Net dough for the company were $1. 9bn, largely from a $1. 6bn gain on the divestiture of Krafts pizza business.