{"id":200071,"date":"2010-01-19T13:22:00","date_gmt":"2010-01-19T18:22:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-8841382486754545840"},"modified":"2010-01-19T13:24:48","modified_gmt":"2010-01-19T18:24:48","slug":"gurufocus-video-donald-yackt-comments-on-the-kraft-foods-deal-for-cadbury-plc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/200071","title":{"rendered":"GURUFOCUS VIDEO: Donald Yackt Comments on the Kraft Foods Deal for Cadbury Plc"},"content":{"rendered":"

Donald Yacktman<\/a>, chief investment officer at Yacktman Asset Management Co., talks with Bloomberg’s Betty Liu about Kraft Foods Inc.’s agreement to buy Cadbury Plc for 11.9 billion pounds ($19.7 billion). The takeover ends four months of resistance from Cadbury and creates the world’s largest confectioner.<\/p>\n

Yacktman likes the accepted deal includes more cash and less stock than deals offered before. Because of that, he thinks the deal will be earning accretive in the earning in the next year.<\/p>\n

Yackman thinks strategically, the deal is good for Kraft as the company has been seeking for international expansion and new products to distribute on a worldwide basis for a couple of years.<\/p>\n

Yackman acknowledge that Warren Buffett<\/a>\u2019s earlier comment<\/a> about Kraft\u2019s using of undervalued Kraft stock to buy Cadbury caused the Kraft stock to go up. <\/p>\n

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(Source: Bloomberg) <\/center> <\/p>\n

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