Guest DavidJCW Posted 19 January 2010 Posted 19 January 2010 Pathetic. There was no reason to sell Cadbury as it's a profitable business that has nothing to gain from selling to debt ridden Kraft Foods. Not only does a great British company now become American but it is also going to mean job losses as Kraft looks to pay off the debt that this acquisition and other business dealings have led to. As the Cadbury head said, Kraft is a lesser company, so why sell? Greed? Surely the only possible reason for selling is the money and it is awful to think that people could just disregard the hard workers here and the history of this company just for a quick buck... they said £10 billion was derisory yet only £1.5 billion more is a good deal? Cadbury PLC: 1824-2010
Webbo Posted 19 January 2010 Posted 19 January 2010 they said £10 billion was derisory yet only £1.5 billion more is a good deal? Yeah it's only £1.5 billion more.
Bellend Sebastian Posted 19 January 2010 Posted 19 January 2010 No reason to sell it apart from making the shareholders a bucket load of cash. Money talks, dudes. Time to panic buy tins of Roses
Guest DavidJCW Posted 19 January 2010 Posted 19 January 2010 Yeah it's only £1.5 billion more. Yes but considering they were saying £10 billion was a derisory offer, in other words a slap in the face offer, you'd have thought they would have had a much higher value of the company than just £1.5 billion more.
Samilktray Posted 19 January 2010 Posted 19 January 2010 Aslong as they dont fuck up Crunchies I could care less.
BoneDog Posted 19 January 2010 Posted 19 January 2010 That's it, I'm never eating a Milky-Way again. It's all about Galaxy anyways. A Galaxy Ripple or Galaxy chunks pee on Cadburys. Melt some Galaxy chocolate in a plastic flask lid in a saucepan floating in some boiling water and eat it with a spoon. Aye, I forgot about Crunchies, they are class.
Guest DavidJCW Posted 19 January 2010 Posted 19 January 2010 Well Kraft bought the company that makes the Terry's Chocolate Orange and although I haven't had one for a while, I've been told the quality has seriously gone down since the takeover by someone who loves (loved) them.
l444ry Posted 19 January 2010 Posted 19 January 2010 No reason to sell it apart from making the shareholders a bucket load of cash.Money talks, dudes. Time to panic buy tins of Roses Let's see how happy it makes Kraft shareholders now that their company has borrowed ludicrous amounts to buy Cadbury.
davieG Posted 19 January 2010 Posted 19 January 2010 Considering most of the Country's key utilities are now 'foreign' own it's a bit late to be worrying about it especially as it's just a bit of chocolate. In fact is there anything left that can even be considered English or British owned, you'll probably find most of the shareholders of Cadburys were either discredited banks or 'foreign investors'
lou Posted 19 January 2010 Posted 19 January 2010 Well Kraft bought the company that makes the Terry's Chocolate Orange and although I haven't had one for a while, I've been told the quality has seriously gone down since the takeover by someone who loves (loved) them. Thats Bollox they are exactly the same as theyve always been.... I should know I tested a load at Xmas
Bellend Sebastian Posted 19 January 2010 Posted 19 January 2010 Let's see how happy it makes Kraft shareholders now that their company has borrowed ludicrous amounts to buy Cadbury. Give them a box of Wispas and they'll soon forget their woes
Head Honcho Posted 19 January 2010 Posted 19 January 2010 Let's see how happy it makes Kraft shareholders now that their company has borrowed ludicrous amounts to buy Cadbury. They'll be having a Picnic........ .....................or a Time Out
stez Posted 19 January 2010 Posted 19 January 2010 Yes but considering they were saying £10 billion was a derisory offer, in other words a slap in the face offer, you'd have thought they would have had a much higher value of the company than just £1.5 billion more. there's more money and less kraft shares involved in this latest offer.
AjcW Posted 19 January 2010 Posted 19 January 2010 Bit of an overreaction by the first poster. Krafts size means that any restructuring in the short term will lead to growth and the creation of new jobs in the long term. It always pays to look at the bigger picture. When Kraft took over the makers of Daim in Sweden there was a similar overreaction, but they are popular and more profitable than ever now.
Webbo Posted 19 January 2010 Posted 19 January 2010 More people queuing at the dole office then. Actually Cadburys were planning to shut at least one factory and move production abroad. Kraft have said that they will keep that factory open, so in the short term at least jobs will be saved.
Guest Posted 19 January 2010 Posted 19 January 2010 There was talk earlier of jobs being lost at cadburys US plant as opposed to the UK one as they employ about 8000 as opposed to the 4500 here in the UK. Not sure if there's any truth in it but time will tell
Daggers Posted 19 January 2010 Posted 19 January 2010 Sweets have been shit ever since they cancelled fizzy Spangles.
stez Posted 19 January 2010 Posted 19 January 2010 Actually Cadburys were planning to shut at least one factory and move production abroad. Kraft have said that they will keep that factory open, so in the short term at least jobs will be saved. kraft have said they would like to keep it open, but apparently (and i'm just going off what i heard on the radio earlier) kraft have had a history of 'promising' lots, and then closing factories down and moving the jobs to countries with cheaper work forces, but hey, that's capitalism
Head Honcho Posted 19 January 2010 Posted 19 January 2010 kraft have said they would like to keep it open, but apparently (and i'm just going off what i heard on the radio earlier) kraft have had a history of 'promising' lots, and then closing factories down and moving the jobs to countries with cheaper work forces, but hey, that's capitalism If and when production is moved it'll be to Mexico and Brazil that you can bank on. Workers both here and in the US should be very worried. Transportation cost of raw materials on top of high production costs will make it a no brainer for any company.
Webbo Posted 19 January 2010 Posted 19 January 2010 kraft have said they would like to keep it open, but apparently (and i'm just going off what i heard on the radio earlier) kraft have had a history of 'promising' lots, and then closing factories down and moving the jobs to countries with cheaper work forces, but hey, that's capitalism But it would definitely have closed if Cadburys hadn't been sold, if it only delays closure by 6 months, it's 6 months more wages for the workers.
stez Posted 19 January 2010 Posted 19 January 2010 But it would definitely have closed if Cadburys hadn't been sold, if it only delays closure by 6 months, it's 6 months more wages for the workers. who's going to disagree with a statement like that? the shame of it is kraft wanting to look like the white knights, when they're (probably) going to be nothing of the sort.
Guest DavidJCW Posted 19 January 2010 Posted 19 January 2010 OK it might have been a bit over the top, my first post that is, but it is just a little sad to see Cadbury go to such a crap US company like Kraft...
Basingstoke Fox Posted 19 January 2010 Posted 19 January 2010 Yay, another piece of British Heritage being Americanised.
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