Kraft Being Investigated For Closing Cadbury Plant (KFT,CBY)
3/8/2010-According to a report from the Wall Street Journal, British investigators are probing Kraft Foods (NYSE: KFT) over whether the company misled employees and investors in its takeover battle for Cadbury (NYSE: CBY).
Last January, Kraft agreed to pay $18.4 billion to acquire Cadbury.
The WSJ said The Panel on Takeovers and Mergers is probing comments Kraft execs made during the battle regarding Cadbury's Somerdale candy factory.
Write to Chip Brian at cbrian@tradethetrend.com
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