UPDATE 1-Kraft gets over 75 pct of Cadbury, to delist shares

* Kraft receives over 75 pct Cadbury acceptances

* To delist Cadbury shares no early than March 8

LONDON, Feb 5 (BestGrowthStock) – Kraft Foods (KFT.N: ) on Friday said
it had 75.41 percent acceptances from Cadbury Plc (CBRY.L: )
shareholders by 1900 GMT on Feb. 4 in its takeover of the
British confectioner and will now move to delist Cadbury no
earlier than March 8.

Kraft said in a statement that assuming it gets 90 percent
acceptances from Cadbury shareholders it intends to move towards
the compulsorily purchase of any outstanding shares of Cadbury.
It added that its final offer remains open until further notice
and urged all Cadbury shareholders to accept its takeover offer.

Kraft announced on Feb. 2 that it had acceptances of almost
72 percent of Cadbury’s stock to seal its 11.7 billion pounds
($18.4 billion) takeover of Cadbury and create the world’s
biggest confectionery group after a near five-month takeover
battle.
($1=.6363 pounds)

Stock Analysis

(Reporting by David Jones; Editing by Mike Nesbit)

UPDATE 1-Kraft gets over 75 pct of Cadbury, to delist shares