Tuesday, 19 January 2010

Farewell Cadbury

So after a long and arduous battle another British firm appears set to be swallowed.

Negotiations through the night have sealed the deal for Cadbury and Kraft to join together with the board agreeing a bid price of 840p per share, valuing the business at £11.5bn.

So 186 years of independence comes to an end.

The Company was founded in 1824 when John Cadbury, a Birmingham Quaker, began selling cocoa-based drinks.The Cadbury brothers opened an office in London and received a Royal Warrant as manufacturers of chocolate and cocoa to Queen Victoria in 1854.

Perhaps they will be most famous for the Bournville Village,a philanthropic gesture to provide housing and the concept of the garden city to its employees as well as providing schools,hospitals and libraries for the workforce.

It was held as a

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