cadbury

British lawmakers said Monday they still have "significant concerns" about the takeover of chocolate maker Cadbury by Kraft Foods Inc.

British lawmakers say they still have "significant concerns" about the takeover of chocolate maker Cadbury by Kraft Inc. more than a year after the controversial deal.

Kraft Foods Inc.'s first-quarter net income dropped due to costs related to its acquisition of Cadbury, but its adjusted profit rose and beat expectations.

Cadbury workers will lobby the government ahead of an expected takeover by US food giant Kraft.

The Hershey Co. on Friday conceded the race to acquire British candy maker Cadbury, opting for a slower road to international expansion but also possibly a tougher battle for shelf space in grocery stores.

Cadbury will accept defeat in its battle to stay independent today by recommending a £12bn takeover from US rival Kraft that threatens to reignite a fierce debate about the vulnerability of British industry.

British candy company Cadbury agreed to a fattened $19.5 billion takeover offer from U.S. food group Kraft in a deal that would create the world's biggest chocolate maker.

After months of resistance, Cadbury of Britain agreed to a takeover offer from the U.S food giant Kraft, worth about $19 billion, to create the world’s largest confectioner.

Kraft tentatively agreed to pay about $19 billion in cash and stock for the confectioner, people briefed on the matter said on Monday.

Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound bid and will look for an increased offer over the next four days.