They are expected to announce a deal worth up to 850p a share for control of the UK-based confectionery giant. Of the total offer, 500p is expected to be in cash and the remainder in stock.
Cadbury’s decision is believed to have come after Kraft raised its offer from £10.5bn to about £11.7bn, or roughly 761p per Cadbury share to 840p a share, plus a 10p a share dividend to Cadbury shareholders.
Paul Hoskins of Reuters news agency has compiled a list of details, which include:
<
Source: Reuters
© FoodBev Media Ltd 2024