Cadbury bid document posted
Dec 04, 2009
Print this article
US-based processed foods maker Kraft Food has posted its bid document for confectionery company Cadbury.
Just after it was printed and posted Citigroup Global Markets had to correct the figure for the number of shares and short positions in shares Citigroup holds in Kraft.
Citigroup owned 2,069,344 Kraft shares on 1 December. It also held a short position of 11,155 Kraft shares.
Kraft is offering 300p in cash and 0.2589 of one of its shares for each Cadbury share. At the current Kraft share price of $26.60, each Cadbury share is valued at 717p. That values Cadbury at more than £10bn.
Related articles
-
Mar 19, 2010
-
Mar 19, 2010
-
Mar 19, 2010
-
Mar 19, 2010
FREE - MoneyWeek's daily investment email
Our free daily email, Money Morning, is an informative and enjoyable analysis of what's going on in the markets. Written by our Editor, John Stepek, and guest contributors.
Sign up FREE to Money Morning here.
