Kraft Foods Inc (KFT)
Beginning with just cheese, Kraft has crafted ludicrous amounts of labels under its names: A1, frozen California Pizza Kitchen, Boca, and way too many others to list. This Chicago-based company lost $3,000 and a horse (seriously) its first year of business. Now it's pulling in over $37 billion dollars annually.
Kraft delisting Cadbury shares
LONDON (AP) - Kraft Foods Inc. announced Friday that it will delist shares of Cadbury PLC on the London Stock Exchange, now that it has clinched a takeover of the British chocolate and gum company.
Kraft gave 20 business days' notice of its intention to delist, and said it expects Cadbury to be removed from the London Stock Exchange after 08:00 GMT (03:00 a.m. EST) March 8.
Cadbury will also apply to delist its American Depositary Shares from the New York Stock Exchange, Kraft said.
Kraft now has acceptances representing 75 percent of Cadbury shares for the 11.5 billion pound ($19.5 billion) offer. When that level tops 90 percent, Kraft said it will exercise its right to force the remaining shareholders to sell.
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Today's gain: $-0.21 (-0.70%)
