Stitzer ‘sees sense’ of takeover of Cadbury | FT.com
Todd Stitzer, chief executive of Cadbury, has appeared to concede that a combination with Kraft makes “strategic sense”. Bank of America/Merrill Lynch revealed that Mr Stitzer had told a conference organised by the investment bank that he did not expect Kraft would walk away and that his “job is to get as much value as possible”.
The bank said he spelt out specific synergies that could be extracted from merging the operations of the two multinational food groups.
Cadbury later insisted the comments were an “inaccurate reflection” of what was said in a private meeting and that the company’s stance towards Kraft had not changed.
My interpretation: Kraft acquiring Cadbury is inevitable once the price is right. Assuming no other suitor emerges and that everything else is equal :)





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