From the BBC:
The City takeover panel has received a complaint that US firm Kraft made misleading comments during its battle to take over Cadbury.
Kraft had said that it thought it could save the Somerdale plant, which Cadbury had planned to shut down.
After the
“From the BBC: The City takeover panel has received a complaint that US firm Kraft made misleading comments during its battle to take over Cadbury. Kraft had said that it thought it could save the Somerdale plant, which Cadbury had planned to shut down. After the Mark Pitts
From the BBC: The vice-president of Kraft Foods has said he is "terribly sorry" for the firm's earlier pledge to keep open Cadbury's Keynsham plant. Marc Firestone said the pledge was made in good faith as Kraft expected output to be high enough to sustain the plant. The factory is now being shut down. Mr Firestone was taking MPs' questions on Kraft's takeover of Cadbury. MPs expressed incredulity over Mr Firestone's assertion that Kraft felt it could keep the plant open. Earlier in the session, Jack Dromey from Unite union said Kraft was "utterly cynical to pretend it could reprieve the plant". He said Kraft must have known it was not possible to keep the plant open. Full story BBC News - Kraft apologises over Keynsham Cadbury pledge |
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