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Kraft gets over 90 percent of Cadbury

Source: Reuters - Tue 16th Feb 2010

Kraft Foods Inc said on Monday it had just over 90 percent acceptances from Cadbury shareholders in its takeover of the confectioner.

Kraft, after a prolonged battle for the company, said it would start a compulsory purchase of the remaining shares to close out the deal. The $18.4 billion (1.17 billion pound) takeover will create the world's biggest confectionery group, following a near five-month takeover fight.

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