TIDMCBRY
RNS Number : 1734G
Kraft Foods Inc.
26 January 2010
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION
OF THE RELEVANT LAWS OF THAT JURISDICTION
For Immediate Release
27 January 2010
OFFER
by
KRAFT FOODS INC.
for
CADBURY PLC
Offer Update - Reduction of Acceptance Condition
Further to its announcement on 19 January 2010, Kraft Foods Inc. ("Kraft Foods")
announces that it has now reduced the number of acceptances required to fulfil
the Acceptance Condition of the recommended Final* Offer for Cadbury plc
("Cadbury") from 90 per cent. to 50 per cent plus one Cadbury Share.
Other than as expressly set out in this announcement, capitalised terms used in
this announcement shall have the meaning given to them in the Final Offer
Document published by Kraft Foods on 19 January 2010.
*The Offer is final and will not be increased, except that Kraft Foods reserves
the right to increase the Offer if there is an announcement on or after 19
January 2010 of an offer or a possible offer for Cadbury by a third party
offeror or potential offeror.
Enquiries
+--------------------------------------+--------------------------------------+
| Kraft Foods | |
+--------------------------------------+--------------------------------------+
| Perry Yeatman (Media) | +1 847 646 4538 |
+--------------------------------------+--------------------------------------+
| Chris Jakubik (Investors) | +1 847 646 5494 |
| | |
+--------------------------------------+--------------------------------------+
| Brunswick Group (public relations) | |
+--------------------------------------+--------------------------------------+
| Richard Jacques | +44 20 7404 5959 |
+--------------------------------------+--------------------------------------+
| Jonathan Glass | +44 20 7404 5959 |
+--------------------------------------+--------------------------------------+
Further Information
This announcement will be available on Kraft Foods' website
(www.transactioninfo.com/kraftfoods) by no later than 12 noon (London time) /
7.00 a.m. (New York City time) on 28 January 2010.
This announcement does not constitute, and must not be construed as, an offer to
sell or an invitation to purchase or subscribe for any securities or the
solicitation of an offer to purchase or subscribe for any securities, pursuant
to the Offer or otherwise. The Offer is being made by the Original Offer
Documents, the Final Offer Documents and the accompanying documentation (the
"Offer Documentation"). Cadbury Securityholders who accept the Offer may rely
only on the Offer Documentation for all the terms and conditions of the Offer.
This announcement is not a prospectus for the purposes of the EU Prospectus
Directive. Cadbury Securityholders in the EU should not tender their shares
except on the basis of information in the prospectus published pursuant to the
EU Prospectus Directive on Kraft Foods' website (as supplemented from time to
time). In making their decision whether or not to accept the Offer, Cadbury
Securityholders who are South African residents will need to take into account
the Excon Regulations, and consider whether or not their acceptance of the Offer
and their subsequent receipt of consideration for their Cadbury Shares from
Kraft Foods, whether in the form of cash and/or New Kraft Foods Shares, will be
in compliance with the Excon Regulations.
The release, publication or distribution of this announcement and any other
Offer-related documentation in jurisdictions other than the UK, the US, Canada,
France, Ireland or Spain, and the availability of the Offer to Cadbury
Securityholders who are not resident in such jurisdictions may be affected by
the laws or regulations of relevant jurisdictions. Therefore any persons who are
subject to the laws and regulations of any jurisdiction other than the UK, the
US, Canada, France, Ireland or Spain, and Cadbury Securityholders who are not
resident in such jurisdictions should inform themselves of and observe any
applicable requirements.
Forward-Looking Statements
This announcement contains forward-looking statements regarding the Offer. Such
statements include, but are not limited to, statements about the benefits of the
proposed combination and other such statements that are not historical facts,
which are or may be based on Kraft Foods' plans, estimates and projections.
These forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond Kraft Foods' control, that could cause
Kraft Foods' actual results to differ materially from those indicated in any
such forward-looking statements. Such factors include, but are not limited to,
failure to obtain necessary regulatory approvals or required financing or to
satisfy any of the other conditions to the Offer, and the risk factors, as they
may be amended from time to time, set forth in Kraft Foods' filings with the US
Securities and Exchange Commission ("SEC"), including the registration statement
on Form S-4, as amended from time to time, filed by Kraft Foods in connection
with the Offer, Kraft Foods' most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K. Kraft Foods disclaims and does not
undertake any obligation to update or revise any forward-looking statement in
this announcement, except as required by applicable law or regulation.
Additional US-related information
This announcement is provided for informational purposes only and is neither an
offer to purchase nor a solicitation of an offer to sell shares of Cadbury or
Kraft Foods. Kraft Foods has filed a registration statement and tender offer
documents with the SEC and Cadbury has filed an amendment to its
solicitation/recommendation statement on Schedule 14D-9 in connection with the
recommended Final Offer. Cadbury Shareholders who are US or Canadian residents
and holders of Cadbury ADSs, wherever located, should read those filings, and
any other filings to be made by Kraft Foods and Cadbury with the SEC in
connection with the recommended Final Offer, as they contain important
information. Those documents, as well as Kraft Foods' other public filings with
the SEC, may be obtained without charge at the SEC's website at www.sec.gov and
at Kraft Foods' website at www.kraftfoodscompany.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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