Bakers Journal

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Kraft defiant over Cadbury valuation


September 10, 2009
By FoodNavigator-USA.com


Sept. 10, 2009 – Kraft Foods has defended its valuation of the Cadbury business and
insisted that it remains the most logical buyer for the U.K.
confectionery manufacturer.


Sept. 10, 2009 – Kraft Foods has defended its valuation of the Cadbury business and
insisted that it remains the most logical buyer for the U.K.
confectionery manufacturer.


In response to media commentary that Kraft’s offer of £7.45 (US$12.30) per Cadbury share significantly undervalued Cadbury, Kraft executive vice-president Michael Osanloo, said: “There
has been a lot of talk about what Cadbury is worth. The simple fact is
that Cadbury is worth what someone is willing to pay for it – nothing
more. We are the most logical buyer but we will remain financially
disciplined.”
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