Shareholders Back Campaign to Keep Cadbury Independent
By Unite The Union, PRNESunday, January 17, 2010
LONDON, January 18 - Cadbury's shareholders have told Unite that they want to keep the
company independent and will reject any higher bids from Kraft.
Following the circulation of its briefing for shareholders document
circulated last week, Unite has received dozens of messages from Cadbury
investors anxious about Kraft's hostile bid for the confectionery maker.
According to Unite, the shareholders' response underlines that there are
real fears that Kraft's bid does not have the best interests of workers,
investors or UK business at heart, such as:
"The whole ethos of Cadbury would be destroyed and yet another British
company will be plundered and jobs lost" says Mr and Mrs M.
"As a retired business man I feel the most important issue is to preserve
the jobs of every Cadbury employee in the present economic environment" says
WF.
"I would like to register the fact that I PERSONALLY REJECT THE KRAFT
OFFER and hope that everyone else does. Cadbury must at all costs remain a
standalone company!!!" says Ms A M.
"Shareholders do have a responsibility to employees. Good luck" says GW.
With Kraft's deadline to increase its takeover bid for Cadbury looming
tomorrow (Tuesday 19th January), Unite is urging other Cadbury shareholders
to stand with fellow shareholders to prevent a hostile takeover.
Jennie Formby, Unite national officer for food and drink, said:
"Shareholders are telling us to say they fear for Cadbury's future if Kraft
is able to force through this predatory bid.
"How can it be that a great British success story can be so easily
targeted by a debt-heavy, under performing company?
"We urge all Cadbury shareholders to put the future of the company, its
proud history and great future, before this short-term offer. When the
question is asked 'What is good for Cadbury?', the only intelligent answer is
'independence'."
The union is continuing to urge Cadbury-lovers to sign the campaign
petition today at: www.welovecadbury.com
For press enquiries please contact Karen Viquerat on +44(0)7768-931-316 or Pauline Doyle on +44(0)7976-832-861.
Tags: England, London, Unite the Union