an improved takeover offer from Kraft, worth about $19 billion, to create the world’s largest confectioner.
Kraft’s original, unsolicited offer, made in September, was worth about $16.7 billion. Cadbury consistently derided it as too low.
The new offer is about a 5 percent premium over Cadbury’s closing share price of 807.5 pence on Monday.
Click on the following for more details: Kraft and Cadbury Agree on Friendly Merger - NYTimes.com
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