Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of key events in the takeover saga.
Since Kraft made its opening bid of £10.2bn or 745p a share at the beginning of September, the two companies have exchanged blows in public.
On news of the initial offer, Cadbury CEO Roger Carr said Kraft operated “a low growth conglomerate business model” but today he said a revised bid offered “good value” for shareholders.
The deadline for Cadbury shareholders to vote on Kraft's offer is 2 February. That is also the last day for any new bidder to launch its own offer. That would mean the 60 day timetable would restart.
In order to navigate the timeline, you can scroll from left to right by dragging with the left mouse button or use the bar at the bottom, zoom in and out with the ‘plus’ and ‘minus’ on the left hand side and click on any bubble to find more information. Within each bubble the headline links to the complete article.