Cadbury Deal - boooo

[WebServerHost]

What a shame.. I guess that's a Labour government for you.. weak and pointless.

 

[Esk247]

was it not the shareholders who eventually folded at a fairly large share amount?

although...McDoom did get involved.

 

[GreatSEO]

It was the shareholders

Dave

 

[vvaannmmaann]

I liked the comment yesterday,Brown telling the Septics not to sack Britsh workers.
Due to our special relationship,I'm sure they will listen.

 

[WebServerHost]

i'm not saying it was Labours fault, and I'm all for the markets having the freedom to make their own choices, it was just a shame and maybe they could have helped to save it from being owned abroad.

Cadbury is a British institution which was built on pioneering HR principles and it wouldn't happen in France or Germany... you couldn't image a foreign owner taking over BMW.

 

[Esk247]

this country cares not one jot about its history or its future..its all about now now now....Brown sold off our gold reserves without telling anyone as well, that was a bit short-sighted (pun? possibly).

 

[vvaannmmaann]

this country cares not one jot about its history or its future..its all about now now now....Brown sold off our gold reserves without telling anyone as well, that was a bit short-sighted (pun? possibly).

Are you sure?
IIRC he told everyone it was being sold,the price plummeted,and we lost two billion pounds.
Still it's only money.

 

[Rhyl Lightworks]

Brown sold off our gold reserves

As Thatcher sold off our energy, telecom, water utilities, etc. and many of them are now foriegn owned. (Our next generation of nuclear reactors, which look increasingly likely) will be built largely by American and French companies.

I'm not defending Brown, just saying they are all as bad as each other.

Barrie

 

[vvaannmmaann]

"The past is a foreign country; they do things differently there." L. P. Hartley

 

[yuzi87]

If another WW ever happened we would be ****ed, the other countrys will just shut the uk down remotely, and worse thing is they'll take our chocolate to!!

 

[WebServerHost]

If another WW ever happened we would be ****ed, the other countrys will just shut the uk down remotely, and worse thing is they'll take our chocolate to!!

yer, and we'd have nothing to give to the women on their Birthdays or at Valentines day

 

[telemax]

Exactly, remember when Maggie Thatcher sacked all the coal miners in order to buy cheap foreign coal. It really annoys me when everyone blames Brown or Labour.

 

[UKSBD]

Have a read about the new offshore wind farms.
Put up for tender not long ago, nearly all big ones won by foreign companies.

 

[telemax]

Have a read about the new offshore wind farms.
Put up for tender not long ago, nearly all big ones won by foreign companies.

Was reading something the other day about that. British company's are unwilling to take the risk of investing in this form of power.

 

[WebServerHost]

Exactly, remember when Maggie Thatcher sacked all the coal miners in order to buy cheap foreign coal. It really annoys me when everyone blames Brown or Labour.

I wasn't blaming Labour just pointing out how weak they are and that it is a shame whatever way you look at it -- i do actually feel sorry for Brown, I prefer him to Blair but they just seem so clueless..

 

[telemax]

They are weak but why should any government intervene in a company sell off? Surely thats nanny stateism.

 

[WebServerHost]

Yes you are right, but its still a big shame do you think? There's alot of things the government should keep their noses out of... like my vat return

 

my big problem with the deal is kraft dont have the money they need to borrow 7 billion!!!!! that looks bad to me im sure the workers will be looking at what happend the factorys of terys in york, i would be fearfull of my job if worked for cadburys ,mind cadburys were taking some production to poland,so how long the jobs would be safe for i dont know,its a real shame that a britsh brand like this goes,just like hp sauce being sold of the demise of rover jaguar ext

 

[Pressman]

Kraft Dairy Milk? It just doesn't sound right. And they better not meddle with the taste...

 

[Esk247]

it's not that Brown is worse than Thatcher...i'm too young to remember the start of the thatcher years, i'm more toward the end of that and the Major years. all that i have a problem with is the lack of vision and they keep using the 'we should learn from our mistakes' motto..they've been doing that for 13 years.

Brown just has the appearance of a total fruitcake, he tries to be defiant but then he does a u-turn...its unpredictable.

but many are now fearing the potential job losses with the Kraft take over. its a massive purchase for them, some may say it wasn't worth such a big gamble, i don't think it is, lots of negative publicity already. people are deeply angered by this, the same as the woolworths saga but on a much bigger scale, Cadbury is seen as british, historic, an institution...and yet again, we sell out to the highest bidder.

 

[Ashley_Price]

i'm not saying it was Labours fault, and I'm all for the markets having the freedom to make their own choices, it was just a shame and maybe they could have helped to save it from being owned abroad.

You seem to be contradicting yourself here.

Do you mean to tell me that if one of your rivals offered you several million for your business you wouldn't accept?

 

[WebServerHost]

You seem to be contradicting yourself here.

Do you mean to tell me that if one of your rivals offered you several million for your business you wouldn't accept?

not if I was running cadbury and earning plenty of dosh... no..

 

[Esk247]

not if I was running cadbury and earning plenty of dosh... no..

thats as a sole trader..i wouldn't sell one of my businesses to a competitor, purely because it was my first business and the competitor would ruin its identity.

if i was a shareholder however..it may be a different story if i was offered a great return..i'm there for the profit anyway.

 

[WebServerHost]

oh, I agree I would sell my shares to make money as a shareholder, its just if you put that into the context of cadbury, being such an iconic institution would I feel I had a greater responsibility?

 

[JEREMY HAWKE]

I hope Cadbury fails in all that they attempt

This company turned me into a fat boy and rotted all my teeth they wont get any support from me !!!

 

[movietub]

Gutted they sold, but at least its nice to know that after a long and profitable existence in British hands, it was sold for a great deal of dosh.

Better than Woolworths, we hung on that one until the slightly embarrasing end. who the hell folds on year 99!?

 

[easyasit]

I think its a fact that this country has never recovered from Margaret Thatcher, the damage that woman did was astronomical. We now have no money period.
Of course the icing on the cake was labour and its remortgaging the country.
7 billion pounds the country does not have to lend to a company from a country thats not part of it, to buy one of our companies and possibly put its people out of work.
Yes i see a lot of sense in that.

Unless Kraft are going to repay the money soon to further boost the economy, i doubt it.

I gave up ages ago trying to figure this country out.
The only thing i'll say is conservatives, labour, liberal etc are all the same just with a different branding.
I know the Scots hate the English, this i hear. Brown is Scotts, do you think this is a Scotsmans veiled attempt at helping to wreck our economy

I wonder.

 

[scribe]

Cadbury accepts DWPs $19.5 billion buyout bid.

With Cadbury shareholders expected to agree to the deal and a rival bid from The Hershey Co. looking less likely, opponents fear the U.S. multinational's impact on one of Britain's oldest and best-loved brands.
Just days after Cadbury declared its suitor a "low growth" company with a "long history of underperformance," the British maker of Dairy Milk chocolates capitulated to a raised bid of 840 pence, or $13.78, per share.

 

[MASSEY]

From what i gather, cadbury was turning over 5 billion a year, would it not have been a good idea for the government/taxpayer to buy out the shareholders and keep cadbury as a british company earning the country a profit? maybe the tax payers pot is looking a bit lighter due to the banks taking so much,

 

[papverpoppies]

Could have been worse - DWP could have bought it, then there would be NO choccie anymore.

Poppy

 

[MASSEY]

What we could do is all british people stop buying cadbury chocolate, wait for them to go bust and buy it back at a 10th of the price ;-)

 

[GreatSEO]

Could Richard Branson not have brought it.

Now Virgin chocolate sounds like something I would try and you would not feel so bad eating it as each time it would be new and not had before :')

The advertising for cadburys was great though and no one can argue with the gorilla advert what a great success and viral was not the word to use. It was great

Dave

 

[Esk247]

Few would have tried to buy Cadburys, they sold it at a huge price, more than it was worth in my opinion. the shareholders/board/whatever have done a clever bit of business from what i can tell, they kept rejecting and rejecting until they got an offer they couldn't refuse...an offer too big for Kraft in the short run, it will be interesting to see if they can keep up the repayments on the massive loans they've taken out for this.

 

[jlindsay]

i want cadbury's to stay british! could we make a petition? lol

 

[DancingWithPoodles]

Don't worry I will buy them in 5 years time

 

[logicfusion]

I think its a very sad day for us.

Cadburys was a company that prided itself on it's ethics and really looked after their employees.

I appreciate at the end of the day, the shareholders own the company and they get the final say. Not sure that RBS should be allow to vote yes to the takeover given the bailout funding they received from UK tax payer funders.

I suspect there will be job loses around the corner for UK cadbury staff. The mood is very somber for the employees at the moment from what I have seen.

There were some internal communications sent to employees about why they shouldn't agree to the takeover a few days ago in very strong terms.

Yet a couple of days later, they do a complete turn around and make the decision. I won't reveal the communication as I don't want to get anyone in trouble.

 

[MikeJ]

Assuming it's a communication sent to all staff, how would it get any individual into trouble?

 

[Esk247]

doesn't have much to do with the employees anyway, it's a board/shareholder decision.

Cadburys shareholders have done the right thing by themselves, they've sold at a very very high price, like i say, i don't think Cadbury is worth that much to a foreign firm, it loses something in translation.

If there are job losses, on a big scale in the UK, and production is moved to the states, the quality will suffer.

the brand is taking a battering already, Facebook protests, boycotts etc. i mean, it is only chocolate but it's still a brand associated with the UK.

 

lots of the shareholders were more more than likely hedge funds in for the fast buck ,we never learn do we ,as far as the city goes profits before people every time ,make a fast buck retire to the country when your 45, and piss us all of by driving the house prices up, and parking your brand new range rover in the middle of the road when your picking tarquin up from prep school

 

[MikeJ]

Then they go round nicking all the capital letters and full stops!