Lord Mandelson has warned that the British Government will scrutinise any foreign takeover of Cadbury and oppose any buyer that fails to "respect" the historic confectioner, the subject of a £10.1bn hostile bid from Kraft Foods of the US yesterday. The Business Secretary said that while the Government would not oppose a takeover of Cadbury purely on the grounds that the buyer was foreign, it would fight any deal it thought smacked of short-term profiteering.
Lord Mandelson has warned that the British Government will scrutinise any foreign takeover of Cadbury and oppose any buyer that fails to "respect" the historic confectioner, the subject of a £10.1bn hostile bid from Kraft Foods of the US yesterday.
The Business Secretary said that while the Government would not oppose a takeover of Cadbury purely on the grounds that the buyer was foreign, it would fight any deal it thought smacked of short-term profiteering.
