Wed | Dec 7, 2016

UK agency probes Kraft-Cadbury deal, report says

Published:Tuesday | March 9, 2010 | 12:00 AM

The Wall
Street Journal
reports that a British agency is investigating whether Kraft Foods Inc misled employees and investors about its takeover of chocolate maker Cadbury PLC.

The Takeover Panel, which regulates takeovers in the United Kingdom, declined to comment on the report Monday.

The Journal said the panel was looking at Kraft's promise at one stage that it would not close a Cadbury factory in western England.

After clinching the takeover, Kraft said the factory would close as Cadbury had planned.

- AP