{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Cadbury\u0026#39;\u0026#39;s accepts US$19.5 billion takeover from Kraft Foods' data-url='/boclips/videos/5c54c3ebd8eafeecae164e3c' data-video-url='/boclips/videos/5c54c3ebd8eafeecae164e3c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nCadbury\u0026#39;\u0026#39;s accepts US$19.5 billion takeover from Kraft Foods\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eFILE: Exact date and location unknown 1. Pan of Kraft foods on shelfNew York - 19 January 20102. SOUNDBITE: (English): Tom Graves, Equity Analyst for Standard and Poors:\"With Kraft significantly upping its offer price today, including a...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eFILE: Exact date and location unknown \u003cbr/\u003e1. Pan of Kraft foods on shelf\u003cbr/\u003eNew York - 19 January 2010\u003cbr/\u003e2. SOUNDBITE: (English): Tom Graves, Equity Analyst for Standard and Poors:\u003cbr/\u003e\"With Kraft significantly upping its offer price today, including a much larger portion of cash, I feel like that was enough to make Cadbury''s board or management receptive to the offer.\"\u003cbr/\u003eFILE: Exact date and location unknown \u003cbr/\u003e3. Various of Cadbury chocolate bars \u003cbr/\u003eNew York - 19 January 2010\u003cbr/\u003e4. SOUNDBITE: (English): Tom Graves, Equity Analyst for Standard and Poors:\u003cbr/\u003e\"Kraft''s CEO is trying to make some assurance to the unions and to people in the UK that, you know, a large portion of the Cadbury jobs are either going to be retained or if some of the jobs are eliminated, there''s going to be enough growth opportunities to replace them with other jobs.\"\u003cbr/\u003eFILE: Exact date and location unknown \u003cbr/\u003e5. Various of Cadbury chocolate bars \u003cbr/\u003e6. Pan of Kraft products on shelf\u003cbr/\u003eAfter months of resistance, Cadbury is expected to accept an 11.5 (b) billion pound (19.5 (b) billion US dollars) takeover from Kraft Foods, forming the world''s biggest candy company.\u003cbr/\u003eWith Cadbury shareholders expected to agree to the deal and a rival bid from The Hershey Company looking less likely, opponents fear the US multinational''s impact on one of Britain''s oldest and best-loved brands.\u003cbr/\u003eJust days after Cadbury declared its suitor a \"low growth\" company with a \"long history of underperformance,\" the British maker of Dairy Milk chocolates and Dentyne gum capitulated to a raised bid of 840 pence (13.78 US dollars) per share.\u003cbr/\u003eThe deal, comprising 500 pence cash and 0.1874 new Kraft shares for each Cadbury share, is a 9 percent premium to its previous 770 pence offer and 50 percent higher than Cadbury''s market value before Kraft, based in Northfield, Illinois, went public with its approach in September.\u003cbr/\u003e\"With Kraft significantly upping its offer price today including a much larger portion of cash, I feel like that was enough to make Cadbury''s board or management receptive to the offer,\" Tom Graves, Equity Analyst for Standard and Poors said. \u003cbr/\u003eBut unions are worried there were no clear guarantees from Kraft that it won''t switch manufacturing of some of the 186-year-old company''s chocolates to eastern Europe, sacrificing thousands of British jobs.\u003cbr/\u003e\"Kraft''s CEO is trying to make some assurance to the unions and to people in the UK that a large portion of the Cadbury jobs are either going to be retained or if some of the jobs are eliminated, there''s going to be enough growth opportunities to replace them with other jobs,\" Graves said.\u003cbr/\u003eThe deal, one of the largest transnational takeovers since the credit crunch, is further sign that food companies are seeking to gain scale by combining, after Mars bought William Wrigley Jr. Co. in 2008 for 23 (b) billion US dollars.\u003cbr/\u003eA Kraft-Cadbury combination will create a portfolio with more than 40 confectionary brands, each with annual sales in excess of 100 (m) million US dollars.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator 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