{"id":145392,"date":"2010-01-06T13:36:00","date_gmt":"2010-01-06T18:36:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-4628876516042343494"},"modified":"2010-01-06T13:43:35","modified_gmt":"2010-01-06T18:43:35","slug":"cnbc-what%e2%80%99s-warren-up-to","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/145392","title":{"rendered":"CNBC: What\u2019s Warren Up To?"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"fL tool_datetime clr\">Published:       <span class=\"cnbc_sbhd_comp\">Tuesday, 5 Jan 2010 | 4:02 PM 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: David Faber<br \/>CNBC Anchor and Reporter<\/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\/__Story_Inserts\/graphics\/__PEOPLE\/B\/buffett_warren_grey_suit.jpg\" title=\"Warren Buffett\" alt=\"Warren Buffett\" align=\"Left\" border=\"0\" height=\"246\" hspace=\"0\" vspace=\"0\" width=\"200\" \/><\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"credit\" style=\"text-align: right; margin-bottom: 5px;\">Warren Buffett<\/div>\n<hr color=\"#c0c0c0\" noshade=\"noshade\" size=\"1\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Try as they might to put on a brave face, <b><strong>Kraft<\/strong><\/b> <span id=\"WSODQ_COMPONENT_KFT_ID0E3FAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_kft_ID0E3FAC15839609');<\/script><span id=\"span_quote_kft_ID0E3FAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_kft_ID0E3FAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_kft_ID0E3FAC15839609',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_ID0E3FAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_KFT_SYMBOL_1_ID0E3FAC15839609\">KFT<\/span>    <span id=\"WSODQSTREAMOFF_KFT_LAST_1_ID0E3FAC15839609\">28.9506<\/span>    <span id=\"WSODQSTREAMOFF_KFT_CHANGEARROW_1_ID0E3FAC15839609\"><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_ID0E3FAC15839609\"><span id=\"WSODQSTREAMOFF_KFT_CHANGE_1_ID0E3FAC15839609\">0.1806<\/span>    <span id=\"WSODQSTREAMOFF_KFT_UNCHHIDE_1_ID0E3FAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_KFT_CHANGEPCT_1_ID0E3FAC15839609\">+0.63%<\/span>)<span id=\"WSODQSTREAMOFF_KFT_FLASH_1_ID0E3FAC15839609\"><\/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_ID0E3FAC15839609\",\"WSODQ\",\"true\",\"ID0E3FAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script> management cannot be pleased that <b><strong>Warren Buffett <\/strong><\/b>chose to go public with his opposition to the company\u2019s plan to issue up to 370 million shares to facilitate the purchase of <b><strong>Cadbury <span id=\"WSODQ_COMPONENT_CBY_ID0EFLAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_cby_ID0EFLAC15839609');<\/script><span id=\"span_quote_cby_ID0EFLAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_cby_ID0EFLAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_cby_ID0EFLAC15839609',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_ID0EFLAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_CBY_SYMBOL_1_ID0EFLAC15839609\">CBY<\/span>    <span id=\"WSODQSTREAMOFF_CBY_LAST_1_ID0EFLAC15839609\">49.46<\/span>    <span id=\"WSODQSTREAMOFF_CBY_CHANGEARROW_1_ID0EFLAC15839609\"><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_ID0EFLAC15839609\"><span id=\"WSODQSTREAMOFF_CBY_CHANGE_1_ID0EFLAC15839609\">-0.27<\/span>    <span id=\"WSODQSTREAMOFF_CBY_UNCHHIDE_1_ID0EFLAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_CBY_CHANGEPCT_1_ID0EFLAC15839609\">-0.54%<\/span>)<span id=\"WSODQSTREAMOFF_CBY_FLASH_1_ID0EFLAC15839609\"><\/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_ID0EFLAC15839609\",\"WSODQ\",\"true\",\"ID0EFLAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/strong><\/b>. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Yes, Buffett\u2019s opposition is actually proving helpful to Kraft\u2019s bid, given its stock is going up due to the perception that Mr. Buffett\u2019s opposition will limit Kraft\u2019s use of its shares and Cadbury\u2019s is declining due to worries that his pressure will forestall a higher bid from Kraft. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>And yes, it\u2019s true that Buffett did not say he\u2019s opposed to a purchase of Cadbury, only the free hand being given Kraft to change its offer for Cadbury in any way it wishes from the transaction presented to shareholders in the proxy Kraft recently filed. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Buffett has also long made a case for stronger corporate governance and this gives him another chance to further that cause and argue that Kraft\u2019s stock is cheap. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><\/p>\n<div id=\"relatedLInks\" class=\"clr\" style=\"display: block; width: 300px; float: right; margin-left: 10px;\">\n<div class=\"RLMC_\" style=\"\">\n<div class=\"RLMC_H\" style=\"\">\n<div class=\"RLMC_HI\" style=\"\">\n<div class=\"RLMC_HC\" style=\"\">\n<div style=\"height: 20px;\" class=\"fL w100p\">\n<div class=\"fL padL\" style=\"line-height: 20px;\">\n<h2 class=\"CNBC_refreshH1 RLMC_HC cstrong cFont txttrans_none \" style=\"line-height: 20px;\">RELATED LINKS<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"RLMC_B RLMC_BI clr\" style=\"\">\n<div class=\"w100p\" style=\"height: auto;\" id=\"cnbcMCBody_ID0EPAAE19808406\">\n<div style=\"display: none; width: 80%;\">Current DateTime: 07:41:52 06 Jan 2010<br \/>LinksList Documentid: 34712110<\/div>\n<div class=\"CNBC_boxB CNBC_boxBI\">\n<ul class=\"ll_bullet\">\n<li class=\"ll_bullet cFont cf11 clr\"><a href=\"http:\/\/everythingwarrenbuffett.blogspot.com\/2010\/01\/cnbc-kraft-sweetens-cadbury-bid-buffett.html\" class=\"cf11 cnorm\">Kraft Sweetens Cadbury Bid; Buffett Opposes Deal<\/a><\/li>\n<li class=\"ll_bullet cFont cf11 clr\"><a href=\"http:\/\/everythingwarrenbuffett.blogspot.com\/2010\/01\/cnbc-warren-buffett-lashes-out-at-kraft.html\" class=\"cf11 cnorm\">Warren Buffett Lashes Out At Kraft In Unprecedented Public Attack<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Still, it can\u2019t be a good day for Kraft CEO Irene Rosenfeld when she wakes up to find out her largest shareholder (Berkshire <span id=\"WSODQ_COMPONENT_BRK.A_ID0EFDAE15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_brk.a_ID0EFDAE15839609');<\/script><span id=\"span_quote_brk.a_ID0EFDAE15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_brk.a_ID0EFDAE15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_brk.a_ID0EFDAE15839609',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_ID0EFDAE15839609\">[<\/span><span id=\"WSODQSTREAMOFF_BRK.A_SYMBOL_1_ID0EFDAE15839609\">BRK.A<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_LAST_1_ID0EFDAE15839609\">99610.0078<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_CHANGEARROW_1_ID0EFDAE15839609\"><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_BRK.A_DYNACOLOR0_1_ID0EFDAE15839609\"><span id=\"WSODQSTREAMOFF_BRK.A_CHANGE_1_ID0EFDAE15839609\">-99.99<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_UNCHHIDE_1_ID0EFDAE15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_BRK.A_CHANGEPCT_1_ID0EFDAE15839609\">-0.1%<\/span>)<span id=\"WSODQSTREAMOFF_BRK.A_FLASH_1_ID0EFDAE15839609\"><\/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_ID0EFDAE15839609\",\"WSODQ\",\"true\",\"ID0EFDAE15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script> has a 9.4% stake in Kraft) is issuing a press release questioning the strategy for a career betting deal. This is not something that Buffett typically does. It\u2019s hard to imagine Buffett has not spoken with Rosenfeld about his concerns and so one must assume that he wasn\u2019t fully satisfied with her answers. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Buffett and others at Berkshire are not elaborating on why the release was issued now, as opposed to after it is made clear to both Cadbury and Kraft shareholders what the final bid for Cadbury will look like (we\u2019ll know that by January 19th which is the deadline for Kraft under U.K. takeover law) and therefore how much stock will be issued. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Perhaps Buffett acted now because he may not have a vote later. People close to this deal tell me that if it so desires Kraft could increase the cash portion of its bid (without endangering its investment grade credit rating), while decreasing the stock portion, so that it would not be issuing more than 20% of its outstanding shares and therefore no longer be required to hold a shareholder vote. In two weeks we\u2019ll find out. <\/p>\n<p><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; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0071592539\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51SvnFW9PFL._SL75_.jpg\" alt=\"Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0071592539\">Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)<\/a> by <span class=\"by\">Benjamin Graham<\/span><br \/>   Buy new:        $47.25       \/ Used from:        $46.96<br \/><span class=\"availability\">Usually ships in 9 to 11 days<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0557086620\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51voZytG2dL._SL75_.jpg\" alt=\"The Four Filters Invention of Warren Buffett and Charlie Munger\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0557086620\">The Four Filters Invention of Warren Buffett and Charlie Munger<\/a> by <span class=\"by\">Bud Labitan<\/span><br \/>   Buy new:        $33.25       \/ Used from:        $43.89<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><\/p>\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\/3087194156628161158-4628876516042343494?l=everythingwarrenbuffett.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/gPMnZN2TB5z_v9FHUGP9vtuPfwo\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/gPMnZN2TB5z_v9FHUGP9vtuPfwo\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/gPMnZN2TB5z_v9FHUGP9vtuPfwo\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/gPMnZN2TB5z_v9FHUGP9vtuPfwo\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?a=Y4vbtCAnUbo:I-wq-rmI6MM: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\/Y4vbtCAnUbo\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published: Tuesday, 5 Jan 2010 | 4:02 PM ET By: David FaberCNBC Anchor and Reporter Warren Buffett Try as they might to put on a brave face, Kraft [KFT 28.9506 0.1806 (+0.63%) ] management cannot be pleased that Warren Buffett chose to go public with his opposition to the company\u2019s plan to issue up to [&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-145392","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/145392","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=145392"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/145392\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=145392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=145392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=145392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}