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Monday, January 25, 2010

Why Warren Buffett believes Cadbury's sale is a lousy deal for Kraft shareholders

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Warren Buffett told the business TV channel CNBC on Thursday that the 850p a share Kraft agreed to pay for Cadbury is a ‘bad deal’ and, given a chance, he would vote against it.

From the perspective of a Cadbury shareholder, this dismissal from the American investment genius – and Kraft’s biggest single shareholder – may seem astonishing.

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