George S. May Business Blog

Cadbury shareholders vote “yes” on takeover by Kraft

Shareholders of Cadbury PLC have approved Kraft’s $19.5 billion offer. Kraft made the announcement earlier today that almost 72 percent approved the deal. This is being called by many the final hurdle in the long, drawn out process that was selling Cadbury. The deal does not require a vote by Kraft’s shareholders and is expected to close this month.

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