Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to 
Share:  <span class="sent">Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. </span>Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to Tweet this 

Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to 
Share:  <span class="sent">Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. </span>Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to Tweet this 

Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to 
Share:  <span class="sent">Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. </span>Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to Tweet this 

Simon Marshall Lockyer at Jefferies said: 'This could imply a rights issue so deep that the Hershey Trust would lose control, private equity as a partner seems to unlikely , and Kraft has considerably strengthened its hand in our opinion since the sale of the frozen pizza business to Nestle' 
Share:  <span class="sent"><span class="analyst">Simon Marshall Lockyer</span> at Jefferies said: 'This could imply a rights issue so deep that the Hershey Trust would lose control, private equity as a partner seems to unlikely , and Kraft has considerably strengthened its hand in our opinion since the sale of the frozen pizza business to <span class="company">Nestle</span>'</span> Tweet this 

Simon Marshall Lockyer at Jefferies said: 'This could imply a rights issue so deep that the Hershey Trust would lose control, private equity as a partner seems to unlikely , and Kraft has considerably strengthened its hand in our opinion since the sale of the frozen pizza business to Nestle' 
Share:  <span class="sent"><span class="analyst">Simon Marshall Lockyer</span> at Jefferies said: 'This could imply a rights issue so deep that the Hershey Trust would lose control, private equity as a partner seems to unlikely , and <span class="company">Kraft</span> has considerably strengthened its hand in our opinion since the sale of the frozen pizza business to Nestle'</span> Tweet this 

"We view a solo Hershey bid as a probability of 15 percent We estimate a two third probability of Kraft winning," said analyst Simon Marshall Lockyer at Jefferies International, with the other probability being Cadbury remaining independent Other analysts pointed out that under the current timetable, Hershey only has nine days to come up with a formal offer which could prove tight if it is looking for partners to finance the bid and find buyers for parts of the Cadbury's businessThe FT report said Hershey was discussing a plan to authorise banker Byron Trott to bring private equity investors into the deal Trott is a favourite adviser of Warren Buffett, whose Berkshire Hathaway (BRKaN) is Kraft's top shareholder 
Share:  "We view a solo Hershey bid as a probability of 15 percent<span class="sent"> We estimate a two third probability of Kraft winning," said analyst <span class="analyst">Simon Marshall Lockyer</span> at Jefferies International, with the other probability being <span class="company">Cadbury</span> remaining independent</span> Other analysts pointed out that under the current timetable, Hershey only has nine days to come up with a formal offer which could prove tight if it is looking for partners to finance the bid and find buyers for parts of the <span class="company">Cadbury</span>'s businessThe FT report said Hershey was discussing a plan to authorise banker Byron Trott to bring private equity investors into the deal Trott is a favourite adviser of Warren Buffett, whose Berkshire Hathaway (BRKaN) is Kraft's top shareholder Tweet this 

We estimate a two third probability of Kraft winning," said analyst Simon Marshall Lockyer at Jefferies International, with the other probability being Cadbury remaining independent 
Share:  <span class="sent">We estimate a two third probability of <span class="company">Kraft</span> winning," said analyst <span class="analyst">Simon Marshall Lockyer</span> at Jefferies International, with the other probability being Cadbury remaining independent</span> Tweet this 

We estimate a two third probability of Kraft winning," said analyst Simon Marshall Lockyer at Jefferies International, with the other probability being Cadbury remaining independent 
Share:  <span class="sent">We estimate a two third probability of <span class="company">Kraft</span> winning," said analyst <span class="analyst">Simon Marshall Lockyer</span> at Jefferies International, with the other probability being Cadbury remaining independent</span> Tweet this 

We estimate a two third probability of Kraft winning," said analyst Simon Marshall Lockyer at Jefferies International, with the other probability being Cadbury remaining independent 
Share:  <span class="sent">We estimate a two third probability of <span class="company">Kraft</span> winning," said analyst <span class="analyst">Simon Marshall Lockyer</span> at Jefferies International, with the other probability being Cadbury remaining independent</span> Tweet this 

"We view a solo Hershey bid as a probability of 15 percent We estimate a two third probability of Kraft winning," said analyst Simon Marshall Lockyer at Jefferies International, with the other probability being Cadbury remaining independent Other analysts pointed out that under the current timetable, Hershey only has nine days to come up with a formal offer which could prove tight if it is looking for partners to finance the bid and find buyers for parts of the Cadbury's business The FT report said Hershey was discussing a plan to authorise banker Byron Trott to bring private equity investors into the deal Trott is a favourite adviser of Warren Buffett, whose Berkshire Hathaway ( BRKaN ) is Kraft's top shareholder 
Share:  "We view a solo Hershey bid as a probability of 15 percent<span class="sent"> We estimate a two third probability of Kraft winning," said analyst <span class="analyst">Simon Marshall Lockyer</span> at Jefferies International, with the other probability being <span class="company">Cadbury</span> remaining independent</span> Other analysts pointed out that under the current timetable, Hershey only has nine days to come up with a formal offer which could prove tight if it is looking for partners to finance the bid and find buyers for parts of the <span class="company">Cadbury</span>'s business The FT report said Hershey was discussing a plan to authorise banker Byron Trott to bring private equity investors into the deal Trott is a favourite adviser of Warren Buffett, whose Berkshire Hathaway ( BRKaN ) is Kraft's top shareholder Tweet this