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South West jobs hope as Kraft poised for Cadbury's deal (From Jobs SW)
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South West jobs hope as Kraft poised for Cadbury's deal
1:23pm Tuesday 2nd February 2010
US giant Kraft's five-month battle for control of confectioner Cadbury is set to be sealed today when it unveils the level of support for its takeover offer.
The cash-and-shares deal, recommended by the Cadbury board two weeks ago, values the UK firm at around £11.4 billion.
The new company will become the world’s largest maker of chocolate and sweets.
Cadbury has plants at Keynsham in Somerset, Marlbrook in Herefordshire and in Chirk, Wales.
The factory at Keynsham had been destined for closure but Kraft has previously said it will retain the facility.
Union leaders are now attempting to get assurances about the plant's future.
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South West jobs hope as Kraft poised for Cadbury's deal
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