Cadbury, the independent British chocolate maker, will take on an American flavour, news that sent its shares up by 3 percent Tuesday morning 19 January. The company announced that it has accepted US multinational Kraft’s takeover bid, which has been opposed by British Business Secretary Peter Mandelson. The final details, including the price paid, will be released shortly, the companies said in a joint announcement. The Financial Times reports that the deal could be worth £11.7bn ($19bn). Mandelson has voiced concerns that the US company wanted to make a “fast buck” from Cadbury’s, and unions have expressed fear that jobs will be lost. Cadbury employs 45,000 people worldwide, including staff at a Swiss site in Rolle, canton Vaud.

Links to other sites: Financial Times, Times, UK

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