Deals
Cadbury Gets More Hostile
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Roger Carr, the chairman of British candymaker Cadbury (CBRY:LN), is fighting a hostile takeover bid from Kraft (KFT). Since late August, when Kraft Chief Executive Irene Rosenfeld first laid out her $17 billion offer, Carr has called the bid derisory and unappealing and told shareholders in a public "defense document" not to let Kraft steal the company. On Jan. 13, as Rosenfeld landed in London to try to win over Cadbury shareholders, Carr spoke with Associate Editor Susan Berfield by phone. Here are excerpts from the conversation:
What was your first impression of Rosenfeld?