economics

March 14, 2010

Kraft Faces Probe on Cadbury

Filed under: Uncategorized — ktetaichinh @ 4:00 pm
Tags: , , , ,

U.K. regulators are investigating whether Kraft Foods Inc. misled employees and investors during its battle to take over Cadbury PLC, people familiar with the matter said, as ill feeling generated by the deal continues to reverberate in Britain.

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It is unclear what steps if any the panel could take to punish Kraft should it find the company violated the takeover code, and one person familiar with regulatory procedure said that any sanction would amount to little more than a wrist slap—though it would likely add to negative sentiment surrounding the deal.

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