Kraft Foods Inc. (KFT) announced that, as on February 4, 2010, it received valid acceptances of the offer to acquire Cadbury Plc (CBY, CBRY.L) in respect of a total of 1.04 billion Cadbury Shares, representing about 75.41% of the existing issued share capital of Cadbury.
As Kraft Foods is in receipt of valid acceptances for at least 75% of the existing issued share capital of Cadbury, Cadbury confirms that the 20 Business Days' notice period for the cancellation of the listing of Cadbury Shares on the Official List and the trading on the London Stock Exchange for listed securities has commenced. The cancellation of listing and trading is expected to take effect no earlier than 8.00 a.m. (London time) on March 8, 2010.
Cadbury intends to apply for the delisting of Cadbury ADSs from the NYSE, in so far as practicable effective on the same date as the cancellation of delisting and trading of the Cadbury Shares.
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