So looks like we are losing Cadbury to the US

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**HellsGuardian316**

http://money.uk.msn.com/news/articles.aspx?cp-documentid=151794740

Cadbury has backed a higher £11.5 billion recommended takeover offer from its US suitor Kraft Foods.

Philadelphia cheese maker Kraft said it had the support of the Cadbury board after tabling a revised offer worth 840p a share.

Kraft boss Irene Rosenfeld said the food giant had "great respect for Cadbury's brands, heritage and people" as it outlined details of the deal.

Cadbury bosses had described Kraft's previous hostile approaches as "derisory", but chairman Roger Carr said of the new bid: "We believe the offer represents good value for Cadbury shareholders and are pleased with the commitment that Kraft Foods has made to our heritage, values and people throughout the world.

"We will now work with the Kraft Foods management to ensure the continued success and growth of the business for the benefit of our customers, consumers and employees."

But Kraft faces strong opposition from UK trade unions amid job loss concerns.

Cadbury employs around 45,000 people in 60 countries, with 5,600 staff at eight manufacturing sites in the UK and Ireland, including a facility in Somerdale near Bristol, which is currently scheduled to close, as well as its Bournville factory near Birmingham.

Trade union Unite fears that some 7,000 jobs at Cadbury would be threatened if the takeover goes ahead, because of a "colossal" £22 billion of debt it believes would swamp the group.

But within minutes of the Cadbury board's approval of the deal being announced, Gordon Brown moved to reassure workers at the chocolate maker that their jobs are safe.

The Prime Minister insisted the Government is "determined jobs in Cadbury can be secure", saying: "We are determined that the levels of investment that take place in Cadbury in the United Kingdom are maintained and we are determined that, at a time when people are worried about their jobs, that jobs in Cadbury can be secure."

I certainly hope they "DO" secure those jobs.
Nothing against the US, was just hoping Cadbury would have stayed British, but Business is Business as they say

**Ketara**

lolwut?

Cadburys was in the papers a week and a half ago saying that they would resist any kind of takeover by Krafft. That didn't last long, did it?

**BishopGore**

Money talks and shareholders like the money. I guess they eventually got worn down and said to heck with it.

I live just around the corner from Bournville, so it'll be interesting to see if anything does change around there.

**Mad Doc Grotsnik**

Well.......cock.

They had better not mess with the recipe, or stop using Fairtrade for the Cocoa.

**Frazzled**

Faritrade pah, we use employ the finest Columbian peasantry.

**Kilkrazy**

One day we will have sold all our companies to the US or Japanese or maybe Chinese. Then we can close the country and go and live in the south of France.

**Mr. Burning**

The Unions are up in arms even though Kraft have stated that NO UK job losses will occur as a result of the takeover. We shall see but you do not generally make these statements and retract them unless you want to piss off the work force.

Its a sad day that they have sold up, being more or less a family run company, Bournville was effectively created for the workers of Cadburys to live.

Kraft needed Cadburys more that Cadburys needed Kraft.

**Albatross**

I sincerely hope they don't change the recipe - it urinates on American chocolate from a great height. Sorry guys, but it does.

**SilverMK2**

Isn't that the point of UK unions though? To shout and stamp feet until their company gets so fed up with them, the just sell up and close all the UK outlets?

And I hope that we keep all our home grown chocolate types, and don't get some of the horrible American rubbish in their places.

I am all for them sending over their best, but please, no rubbish in our selection boxes

**Orlanth**

The deal should be blocked. Its a big hit for city banker fees put apart from that everyone loses.

Kraft are borrowing $11.5bn to finance the deal once the company is taken over where does the debt appear, in Cadburys of course. Cadburys will be bought with its own money.

This is what happened with Man U, that 'deal' should also have been blocked.

Gordon Brown has been reassuring the workers, but he is a dick who just doesn't want to make waves before the election. The government does have the power to intervene when a deal looks fishy, they should intervene now. Kraft cant pay, Cadburys will be made to foot the debt bill. Cadburys is doing well and as we know from similar type takeovers in the past promises of a great future are worth nothing.

**Mad Doc Grotsnik**

We might yet see US/UK outright war if Kraft muck with my Creme Eggs....

**Frazzled**

Mad Doc Grotsnik wrote:We might yet see US/UK outright war if Kraft muck with my Creme Eggs....

Not quite. They won't mess with the recipes. They'll just fire all the workers and hire much more hardworking Central Americans to do their jobs (ok they won't do that either but its funto annoy you Brits).

**Orlanth**

Well the present lot have been outsourcing to Romania and India.

**Mad Doc Grotsnik**

No, seriously.

Creme Eggs are heaven in an egg shaped, goo filled avatar of lovely taste. They mess with them, and I'll poo on your lawn. After dying it pink.

**SilverMK2**

The only thing American that we will allow them to do with Creme Eggs is to super size them. And only then if they keep the price the same, or perhaps even lower it, given that Cadburys is now in Dollars, not God's Given Pounds

**Frazzled**

Yes Cadbury eggs are awesome.

**Albatross**

Man, Creme Eggs... better and more addictive than crack.

**Mad Doc Grotsnik**

I want a Creme Egg the size of a Coconut, or perhaps Watermelon. With a straw to extract the goo.

This would be acceptable.

**Frazzled**

Lets not get that xtreme. Its not like we're talking tuxedo chocolate cheesecake. But they are good.

**reds8n**

Mad Doc Grotsnik wrote:We might yet see US/UK outright war if Kraft muck with my Creme Eggs....

http://www.cadbury.com/ourbrands/featurebrands/Pages/CadburyCremeEgg2.aspx

http://en.wikipedia.org/wiki/Cadbury_Creme_Egg#Product_specification

in case you were wondering.

I didn't even know they had them in the USA. I thought we'd have spared you this particular horror.

**SilverMK2**

Albatross wrote:Man, Creme Eggs... better and more addictive than crack.

Although possibly more expensive and less healthy

**Mad Doc Grotsnik**

SILENCE FOREIGN TYPE!

Creme Eggs are better than your stupid Chocolate Cheesecake Tuxedo.

Your daft fashion item has no GOO!

**loki old fart**

But within minutes of the Cadbury board's approval of the deal being announced, Gordon Brown moved to reassure workers at the chocolate maker that their jobs are safe.

OK They're screwed

**Frazzled**

Mad Doc Grotsnik wrote:SILENCE FOREIGN TYPE!

Creme Eggs are better than your stupid Chocolate Cheesecake Tuxedo.

Your daft fashion item has no GOO!

Evidently the haggis has permanently injured your taste buds. I'm sure there's an ointment for that somewhere.

**Mad Doc Grotsnik**

One day my Laboratory will create a living Chicken which lays Creme Eggs...one day.

**Necros**

I don't care who owns them as long as they don't stop making the cream eggs for easter

**Albatross**

How does one go about making a Tuxedo out of cheesecake, chocolate or otherwise?

**SilverMK2**

Frazzled wrote:Evidently the haggis has permanently injured your taste buds. I'm sure there's an ointment for that somewhere.

Perparation H(aggis)?

**Frazzled**

Automatically Appended Next Post:

SilverMK2 wrote:
Frazzled wrote:Evidently the haggis has permanently injured your taste buds. I'm sure there's an ointment for that somewhere.

Perparation H(aggis)?

**halonachos**

Lemon Meringue is better than cheesecake of any variety.

Although it could be sold to America, it will later be sold to China or Belgium. Either way, we promise to keep as much lead out of the eggs as possible.