{"id":203588,"date":"2010-01-20T08:38:00","date_gmt":"2010-01-20T13:38:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/kraft-slips-after-warren-buffett-slams-cadbury-deal-voices-displeasure-towards-board-live-on-cnbc-2010-1"},"modified":"2010-01-20T08:38:00","modified_gmt":"2010-01-20T13:38:00","slug":"kraft-slips-after-warren-buffett-slams-cadbury-deal-voices-displeasure-towards-board-live-on-cnbc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/203588","title":{"rendered":"Kraft Slips After Warren Buffett Slams Cadbury Deal, Voices Displeasure Towards Board Live On CNBC"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/68b9b91472520849be012500-404-245\/kraftmacaroni.jpg\" border=\"0\" alt=\"kraftmacaroni\" width=\"404\" height=\"245\" \/><\/p>\n<p>Man, Warren Buffett is <em>not<\/em> happy about Kraft&#8217;s (KFT) acquisition of Cadbury.<\/p>\n<p>Kraft is now off 2%, after the Berkshire Hathaway CEO<a href=\"http:\/\/www.businessinsider.com\/live-warren-buffett-on-cnbc-2010-1\"> told CNBC<\/a> that he would vote &#8220;no&#8221; on the Cadbury deal if he could, and that the directors acted irresponsibly when they proposed to issue more stock for the deal.<\/p>\n<p>Specifically, he was angry about the fact that the 78-page proxy didn&#8217;t once mention whether the directors felt that Kraft shares were undervalued, and since you&#8217;re issuing more shares, you should be able to say whether you&#8217;re getting fair value for them.<\/p>\n<p>So the question is: will Buffett sell his Kraft shares? Probably not, because he says the stock is still undervalued.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/kraft-slips-after-warren-buffett-slams-cadbury-deal-voices-displeasure-towards-board-live-on-cnbc-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/buffett-were-not-hiring-new-people-because-our-order-book-still-sucks-2010-1\">Buffett: We&#8217;re Not Hiring New People Because Our Order Book Still Sucks<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/live-warren-buffett-on-cnbc-2010-1\">LIVE: Warren Buffett Talks Wells Fargo, The Economy, And The Bernanke On CNBC<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/cadbury-gives-in-accepts-kraft-offer-2010-1\">It&#8217;s Official: Cadbury Surrenders To Kraft&#8217;s Sweetened Offer<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/-T-x8m8V4vI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Man, Warren Buffett is not happy about Kraft&#8217;s (KFT) acquisition of Cadbury. Kraft is now off 2%, after the Berkshire Hathaway CEO told CNBC that he would vote &#8220;no&#8221; on the Cadbury deal if he could, and that the directors acted irresponsibly when they proposed to issue more stock for the deal. Specifically, he was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-203588","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/203588","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=203588"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/203588\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=203588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=203588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=203588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}