M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Wednesday, March 16, 2011

"Quite contemptuous"

Just so that you don't think this has faded into the distance...Kraft is once again in front of a Parliamentary committee explaining its actions prior to its acquisition Cadbury last year.  Kraft's CEO, Irene Rosenfeld, decided not to appear. That apparently didn't go over well - "quite contemptuous", "a slap in the face".   Here's the video of Kraft executives sitting uncomfortably while being grilled.  This issue still has legs

Meanwhile, Hershey is oh so happy it missed the Cadbury boat.

-bjmq

 

http://lawprofessors.typepad.com/mergers/2011/03/quite-contemptuous.html

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Comments

The Parliament website has an update (31 January 2011) from Kraft on the Cadbury business, and the correspondence between Kraft and the Commons Committee regarding the hearing. A transcript of the hearing should be posted on the website shortly.

http://www.parliament.uk/business/committees/committees-a-z/commons-select/business-innovation-and-skills/publications/

Posted by: Errol Danziger | Mar 17, 2011 3:39:47 AM

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