Offer by Kraft Foods for Cadbury Plc - Offer Update
On Feb. 15, 2010, Kraft Foods commenced the procedure under Chapter 3 of Part 28 of the 2006 Act to acquire compulsorily all of the Cadbury Shares (including any Cadbury Shares represented by Cadbury ADSs) outstanding as at Feb. 12, 2010, which it did not already hold or had not already acquired, contracted to acquire or in respect of which it had not already received valid acceptances of the final offer. The statutory period for objections to the compulsory acquisition ended on March 29, 2010 and, no objections having been received, Kraft Foods is in the process of completing the acquisition of those Cadbury Shares.
In accordance with Rule 31.2 of the Takeover Code, Kraft Foods has sent a notification to Cadbury Securityholders who have not yet accepted the Final Offer and whose Cadbury Shares (including those represented by Cadbury ADSs) have not been compulsorily acquired and to persons with information rights, that Kraft Foods will close the Final Offer at 1.00 p.m. (London time)/8.00 a.m. (New York City time) on April 16, 2010.
In accordance with Rule 31.2 of the Takeover Code, Kraft Foods has sent a notification to Cadbury Securityholders who have not yet accepted the Final Offer and whose Cadbury Shares (including those represented by Cadbury ADSs) have not been compulsorily acquired and to persons with information rights, that Kraft Foods will close the Final Offer at 1.00 p.m. (London time)/8.00 a.m. (New York City time) on April 16, 2010.