The following is a press release from Kraft Foods:
NORTHFIELD, Ill., Jan. 27 /PRNewswire-FirstCall/ -- 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.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20090420/KRAFTLOGO)
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.
SOURCE Kraft Foods
/CONTACT: Media, Perry Yeatman, +1-847-646-4538, or investors,
Chris Jakubik, +1-847-646-5494, both of Kraft Foods; or Richard
Jacques or Jonathan Glass, both of Brunswick Group for Kraft Foods,
+44-20-7404-5959,
/Web site: http://www.kraft.com