Kraft Foods (KFT)

Kraft Foods Inc. took its $16.3 billion hostile takeover offer for Cadbury PLC straight to shareholders of the British candy company on Friday. Under British regulations, Cadbury has two weeks to give a formal response to the offer before shareholders. "We remain confident that the unique combination of Kraft Foods and Cadbury would create a significant growth opportunity for both businesses," Kraft CEO and Chairman Irene Rosenfeld said in a statement. "That's why we believe this offer is in the best interest of both companies' shareholders."
If Kraft is successful, the deal would create a global giant with an estimated $50 billion in combined revenue. Kraft already is the world's second-largest food maker after Nestle. Cadbury is an attractive acquisition. It is one of the world's largest confectionary companies and has strong international reach, with a key presence in emerging markets.

Dec 4 · 2:25:00 PM · Source: Yahoo Finance
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by Rich Pike