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NOT A SUBSCRIBER?Kraft clear to delist CadburyPosted on February 5, 2010 5:00 PM
Kraft Foods Inc. crossed the acceptance threshold necessary to delist Cadbury plc as 75.4% of the U.K. confectioner's shareholder base signed up to the £11.7 billion ($18.8 billion) offer. The Northfield, Ill., bidder said holders of 1.04 billion Cadbury shares had accepted its offer by 5 p.m. London time on Thursday, Feb. 4. The takeover, the result of a five-month bid battle that ended with an agreed deal last month, went unconditional as to acceptances on Tuesday. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline.
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