Watch Yacktman Interview on Kraft-Cadbury
Nov. 9 (Bloomberg) -- Donald Yacktman, chief investment officer at Yacktman Asset Management Co., talks with Bloomberg Carol Massar, Jon Erlichman and Adam Johnson about Kraft Foods Inc.'s bid to acquire Cadbury Plc. Kraft stuck to its initial bid in an unsolicited offer to buy Cadbury for 9.8 billion pounds ($16 billion). Cadbury, the world’s second-largest candy and chocolate maker, rejected Kraft's offer, saying the offer is now worth less and the initial proposal had already undervalued the company.
Nov. 9 (Bloomberg) -- Donald Yacktman, chief investment officer at Yacktman Asset Management Co., talks with Bloomberg Carol Massar, Jon Erlichman and Adam Johnson about Kraft Foods Inc.'s bid to acquire Cadbury Plc. Kraft stuck to its initial bid in an unsolicited offer to buy Cadbury for 9.8 billion pounds ($16 billion). Cadbury, the world’s second-largest candy and chocolate maker, rejected Kraft's offer, saying the offer is now worth less and the initial proposal had already undervalued the company.
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