Kraft Foods said to acquire Cadbury PLC for $19.44 billion.
The Wall Street Journal reported January 19, 2010 that Cadbury has accepted Kraft Foods' offer to be acquired by the U.S. Food Giant. Cadbury's board accepted Kraft's offer as Kraft "relented to the demands of Cadbury management and shareholders, raising its bid and significantly boosting the cash component."
According to WSJ.com, Kraft agreed to pay 840 pence a share for Cadbury, as well as a 10 pence dividend.
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