{"id":143620,"date":"2010-01-05T23:45:00","date_gmt":"2010-01-06T04:45:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-6828004949861385652"},"modified":"2010-01-05T23:48:48","modified_gmt":"2010-01-06T04:48:48","slug":"cnbc-warren-buffett-lashes-out-at-kraft-in-unprecedented-public-attack","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/143620","title":{"rendered":"CNBC: Warren Buffett Lashes Out At Kraft In Unprecedented Public Attack"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"fL tool_datetime clr\">Published:       <span class=\"cnbc_sbhd_comp\">Tuesday, 5 Jan 2010 | 10:31 AM ET <\/span><\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"padT\">\n<div class=\"fR tool_textsize\"><span class=\"cnbc_sbhd_comp fL padR\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"w100p fL clr padT marB20\">\n<div class=\"fL clr padB20\">\n<div class=\"fL\"><span class=\"cnbc_sbhd_comp\">By: Alex Crippen<br \/>Executive Producer<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a name=\"StoryImage\"><\/a><\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><\/p>\n<table style=\"padding: 5px 15px 0pt 0pt;\" align=\"left\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"1%\">\n<tbody>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/Sections\/News_And_Analysis\/_Blogs\/Warren_Buffett_Watch\/_DAILY%20POSTS\/Graphics\/100105_buffett_kraft_200.jpg\" align=\"Left\" border=\"0\" height=\"150\" hspace=\"0\" vspace=\"0\" width=\"200\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In an unprecendented move, Berkshire Hathaway is publicly, and strongly, criticizing Kraft Foods for its continuing efforts to acquire Cadbury <span id=\"WSODQ_COMPONENT_CBY_ID0EXEAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_CBY_ID0EXEAC15839609');<\/script><span id=\"span_quote_CBY_ID0EXEAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_CBY_ID0EXEAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_CBY_ID0EXEAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/CBY\" class=\"black_no_change\"><span id=\"set_quote_CBY_ID0EXEAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_CBY_SYMBOL_1_ID0EXEAC15839609\">CBY<\/span>    <span id=\"WSODQSTREAMOFF_CBY_LAST_1_ID0EXEAC15839609\">49.73<\/span>    <span id=\"WSODQSTREAMOFF_CBY_CHANGEARROW_1_ID0EXEAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_down.gif\" border=\"0\" \/><\/span>      <span class=\"red_neg_change\" id=\"WSODQSTREAMOFF_CBY_DYNACOLOR0_1_ID0EXEAC15839609\"><span id=\"WSODQSTREAMOFF_CBY_CHANGE_1_ID0EXEAC15839609\">-1.92<\/span>    <span id=\"WSODQSTREAMOFF_CBY_UNCHHIDE_1_ID0EXEAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_CBY_CHANGEPCT_1_ID0EXEAC15839609\">-3.72%<\/span>)<span id=\"WSODQSTREAMOFF_CBY_FLASH_1_ID0EXEAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"CBY\",\"WSODQ_COMPONENT_CBY_ID0EXEAC15839609\",\"WSODQ\",\"true\",\"ID0EXEAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script>.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Berkshire says in a <a href=\"http:\/\/everythingwarrenbuffett.blogspot.com\/2010\/01\/berkshire-hathaway-news-release-from.html\"><b><strong><strong>news release<\/strong><\/strong><\/b><\/a> this morning that it has voted against Kraft&#8217;s proposal to authorize the issuance of up to 370 million shares to facilitate a deal, and urges other shareholders to follow its lead.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>As the release pointedly notes in its first paragraph, Berkshire and its pension funds control a stake of over 9.4 percent in Kraft.  Berkshire is Kraft&#8217;s biggest shareholder, with over 138 million shares.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Kraft shares are rallying over 3 percent this morning to $28.44, apparently on the belief that Buffett&#8217;s opposition will keep Kraft from raising its bid yet again.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Current price: <span id=\"WSODQ_COMPONENT_KFT_ID0EUKAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_KFT_ID0EUKAC15839609');<\/script><span id=\"span_quote_KFT_ID0EUKAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_KFT_ID0EUKAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_KFT_ID0EUKAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/KFT\" class=\"black_no_change\"><span id=\"set_quote_KFT_ID0EUKAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_KFT_SYMBOL_1_ID0EUKAC15839609\">KFT<\/span>    <span id=\"WSODQSTREAMOFF_KFT_LAST_1_ID0EUKAC15839609\">28.77<\/span>    <span id=\"WSODQSTREAMOFF_KFT_CHANGEARROW_1_ID0EUKAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_up.gif\" border=\"0\" \/><\/span>      <span class=\"green_pos_change\" id=\"WSODQSTREAMOFF_KFT_DYNACOLOR0_1_ID0EUKAC15839609\"><span id=\"WSODQSTREAMOFF_KFT_CHANGE_1_ID0EUKAC15839609\">1.34<\/span>    <span id=\"WSODQSTREAMOFF_KFT_UNCHHIDE_1_ID0EUKAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_KFT_CHANGEPCT_1_ID0EUKAC15839609\">+4.89%<\/span>)<span id=\"WSODQSTREAMOFF_KFT_FLASH_1_ID0EUKAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"KFT\",\"WSODQ_COMPONENT_KFT_ID0EUKAC15839609\",\"WSODQ\",\"true\",\"ID0EUKAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>While Buffett&#8217;s name is never mentioned in the news release, it clearly reflects his views, and he&#8217;s not happy.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>It is extremely unusual for Buffett to be so publicly critical of a company in which Berkshire has a stake.  One long-time investor tells us that &#8220;NEVER in my recollection has Berkshire ever voted against management .. This is very significant.&#8221;<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Buffett did signal <b><strong><a href=\"http:\/\/www.cnbc.com\/id\/32870258\/\"><strong>back in September<\/strong><\/a> <\/strong><\/b>that he opposed an increase in Kraft&#8217;s bid at the time, calling the offer &#8220;pretty full.&#8221;  At that time, however, he told us he wasn&#8217;t opposed to the existing bid and had confidence in Kraft&#8217;s management.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Things have apparently changed.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Today&#8217;s release says Kraft&#8217;s share-issuance proposal would &#8220;give Kraft a blank check&#8221; to change its offer for Cadbury &#8220;in any way it wishes&#8221; .. and &#8220;we worry very much that, indeed, there will be an additional change&#8221; from the sweetened bid (more cash, less stock) announced by Kraft today.<\/p>\n<blockquote>\n<p class=\"textBodyBlack\">&#8220;To state the matter simply, a shareholder voting &#8216;yes&#8217; today is authorizing a huge transaction without knowing its cost or the means of payment.<\/p>\n<p class=\"textBodyBlack\">What we know with certainty, however, is that Kraft stock, at its current price of $27, is a very expensive &#8216;currency&#8217; to be used in an acquisition.&#8221;<\/p>\n<\/blockquote>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Berkshire recalls that in 2007 Kraft spent $3.6 billion for a stock buyback at about $33 per share.  &#8220;Does the board now believe those purchases were a mistake and that Kraft&#8217;s true value is onlt the current price of $27 per share &#8212; and that it is therefore fine to structure a major acquisition based upon that price?&#8221;<\/p>\n<p><a name=\"StoryImage\"><\/a><\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><\/p>\n<table style=\"padding: 5px 0pt 0pt 15px;\" align=\"right\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" width=\"1%\">\n<tbody>\n<tr>\n<td>\n<map name=\"map23175096\">\n<area coords=\"0,0,300,80\" shape=\"rect\" alt=\"Berkshire Portfolio\" href=\"http:\/\/www.cnbc.com\/id\/22130601\/\"><\/map>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/Sections\/News_And_Analysis\/_Blogs\/Warren_Buffett_Watch\/_DAILY%20POSTS\/Graphics\/080214_portfolio_tracker_badge.jpg\" usemap=\"http:\/\/feedproxy.google.com\/~r\/EverythingWarrenBuffett\/~3\/xDH2zUnJoxM\/cnbc-warren-buffett-lashes-out-at-kraft.html#map23175096\" align=\"Right\" border=\"0\" height=\"80\" hspace=\"0\" vspace=\"0\" width=\"300\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The release leaves open the possibility that it could change its vote to &#8220;yes&#8221; if Kraft&#8217;s final offer, to be announced by January 19, &#8220;does not destroy value for Kraft shareholders.&#8221;<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>But for now, Berkshire concludes, &#8220;We believe no shareholder should vote &#8216;yes&#8217; when he can&#8217;t possibly know what he is voting for.&#8221;<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Kraft responds that it takes Buffett&#8217;s opinion seriously, agrees that its shares are deeply undervalued.  But, it promises to remain disciplined and &#8220;would certainly not do anything that hurts shareholder value.&#8221;<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>The company says holders will be able to make a fully informed decision by January 19, well ahead of a February 1 shareholders meeting.  It&#8217;s confident shareholders will authorize the issuance of shares.<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Current Berkshire stock prices:<\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Class A: <span id=\"WSODQ_COMPONENT_BRK.A_ID0EODAE15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_BRK.A_ID0EODAE15839609');<\/script><span id=\"span_quote_BRK.A_ID0EODAE15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_BRK.A_ID0EODAE15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_BRK.A_ID0EODAE15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/BRK.A\" class=\"black_no_change\"><span id=\"set_quote_BRK.A_ID0EODAE15839609\">[<\/span><span id=\"WSODQSTREAMOFF_BRK.A_SYMBOL_1_ID0EODAE15839609\">BRK.A<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_LAST_1_ID0EODAE15839609\">99710.00<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_CHANGEARROW_1_ID0EODAE15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_up.gif\" border=\"0\" \/><\/span>      <span class=\"green_pos_change\" id=\"WSODQSTREAMOFF_BRK.A_DYNACOLOR0_1_ID0EODAE15839609\"><span id=\"WSODQSTREAMOFF_BRK.A_CHANGE_1_ID0EODAE15839609\">110.00<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_UNCHHIDE_1_ID0EODAE15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_BRK.A_CHANGEPCT_1_ID0EODAE15839609\">+0.11%<\/span>)<span id=\"WSODQSTREAMOFF_BRK.A_FLASH_1_ID0EODAE15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"BRK.A\",\"WSODQ_COMPONENT_BRK.A_ID0EODAE15839609\",\"WSODQ\",\"true\",\"ID0EODAE15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Class B: <span id=\"WSODQ_COMPONENT_BRK.B_ID0EUIAE15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_BRK.B_ID0EUIAE15839609');<\/script><span id=\"span_quote_BRK.B_ID0EUIAE15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_BRK.B_ID0EUIAE15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_BRK.B_ID0EUIAE15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/BRK.B\" class=\"black_no_change\"><span id=\"set_quote_BRK.B_ID0EUIAE15839609\">[<\/span><span id=\"WSODQSTREAMOFF_BRK.B_SYMBOL_1_ID0EUIAE15839609\">BRK.B<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_LAST_1_ID0EUIAE15839609\">3327.00<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_CHANGEARROW_1_ID0EUIAE15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_up.gif\" border=\"0\" \/><\/span>      <span class=\"green_pos_change\" id=\"WSODQSTREAMOFF_BRK.B_DYNACOLOR0_1_ID0EUIAE15839609\"><span id=\"WSODQSTREAMOFF_BRK.B_CHANGE_1_ID0EUIAE15839609\">16.00<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_UNCHHIDE_1_ID0EUIAE15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_BRK.B_CHANGEPCT_1_ID0EUIAE15839609\">+0.48%<\/span>)<span id=\"WSODQSTREAMOFF_BRK.B_FLASH_1_ID0EUIAE15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"BRK.B\",\"WSODQ_COMPONENT_BRK.B_ID0EUIAE15839609\",\"WSODQ\",\"true\",\"ID0EUIAE15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><em><\/em><img height=\"0\" width=\"100%\" \/><\/p>\n<div class=\"cnbc_tags_comp w100p clr marT20 marB20\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"cnbc_keywords cnbc_rdMore\">\n<div><span class=\"title\">Topics:<\/span><span class=\"content\"><a href=\"http:\/\/www.cnbc.com\/id\/15837548\/cid\/97051\">Mergers &amp; Acquisitions<\/a>  |  <a href=\"http:\/\/www.cnbc.com\/id\/15837548\/cid\/97344\">Warren Buffett<\/a><\/span><\/div>\n<div><span class=\"title\">Companies:<\/span><span class=\"content\"><a href=\"http:\/\/www.cnbc.com\/id\/15837548\/cid\/104434\">Cadbury plc<\/a>  |  <a href=\"http:\/\/www.cnbc.com\/id\/15837548\/cid\/103264\">Kraft Foods Inc.<\/a>  |  <a href=\"http:\/\/www.cnbc.com\/id\/15837548\/cid\/103655\">Berkshire Hathaway Inc.<\/a><\/p>\n<p><\/span><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; 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Willey Story<\/a> by <span class=\"by\">Jeff Benedict<\/span><br \/>     Buy new:        $13.57       \/ Used from:        $9.24<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0312358784\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51ffOvIHIUL._SL75_.jpg\" alt=\"The Winning Investment Habits of Warren Buffett &amp; George Soros\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0312358784\">The Winning Investment Habits of Warren Buffett &amp; George Soros<\/a> by <span class=\"by\">Mark Tier<\/span><br \/>     Buy new:        $10.85       \/ Used from:        $5.95<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span id=\"trackingEnabledModule\" name=\"trackingEnabledModule\" modulename=\"Article Tools\" moduleid=\"3098077\"><a href=\"http:\/\/www.amazon.com\/gp\/product\/B00154JDAI?ie=UTF8&amp;tag=sharinve-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B00154JDAI\">From Amazon &#8211; <\/a><a href=\"http:\/\/www.amazon.com\/gp\/product\/B002M3SOC4?ie=UTF8&amp;tag=sharinve-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=B002M3SOC4\">Apple iPod touch 32 GB (3rd Generation) NEWEST MODEL<\/a><\/span><span class=\"content\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<div><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><br \/><a name=\"data:post.title\" id=\"data:post.url\" onmouseover=\"'return\" onmouseout=\"addthis_close()\" onclick=\"return addthis_sendto()\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/s7.addthis.com\/static\/btn\/lg-share-en.gif\" alt=\"Bookmark and Share\" style=\"border: 0pt none ;\" height=\"16\" width=\"125\" \/><\/a><script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/200\/addthis_widget.js\"><\/script><\/div>\n<p><!-- AddThis Button END --><\/p>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1811166043296468\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 60;\ngoogle_ad_format = \"468x60_as\";\ngoogle_ad_type = \"image\";\ngoogle_ad_channel =\"\";\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\n  src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/3087194156628161158-6828004949861385652?l=everythingwarrenbuffett.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/fmyKMMtG0TtA5v8xuV7RF5I_wZA\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/fmyKMMtG0TtA5v8xuV7RF5I_wZA\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/fmyKMMtG0TtA5v8xuV7RF5I_wZA\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/fmyKMMtG0TtA5v8xuV7RF5I_wZA\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?a=xDH2zUnJoxM:5_wcC536bc0:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/EverythingWarrenBuffett\/~4\/xDH2zUnJoxM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published: Tuesday, 5 Jan 2010 | 10:31 AM ET By: Alex CrippenExecutive Producer In an unprecendented move, Berkshire Hathaway is publicly, and strongly, criticizing Kraft Foods for its continuing efforts to acquire Cadbury [CBY 49.73 -1.92 (-3.72%) ]. Berkshire says in a news release this morning that it has voted against Kraft&#8217;s proposal to authorize [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-143620","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/143620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=143620"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/143620\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=143620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=143620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=143620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}