Cadbury takeover approved

US food giant Kraft today won its five-month battle for control of Cadbury after shareholders backed its takeover offer.

The vote paves the way for Kraft to snap up Cadbury – ending its 186-year history as an independent company.

Kraft’s cash-and-shares deal, recommended by the Cadbury board two weeks ago, values the UK firm at around £11.4bn (€13.05bn).

The result came as hundreds of Cadbury workers staged a noisy protest in Westminster to call for guarantees for their jobs and conditions.

They pressed for a new law to be introduced to prevent any more British “icons” being bought up by a foreign firm.

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