Cadbury takeover approved

US firm Kraft sealed its takeover of Dairy Milk maker Cadbury today after shareholders voted in favour of the deal.

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.