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The mkiv Supra Owners Club

Cadbury's Takeover


Matt H

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Well look on the bright side, in about 100 years when all our industry is gone and our country is in poverty from no employment we will be the new third world country. Maybe we'll get some charity handouts to keep us going from the new super powers..:)

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Hijack back - :p

 

wheres the pics thread Colin?

 

ok, over to you Matt.

Knock yourself out talking about Belgium's, creme eggs and chocolate.

 

I've known a bird from Belgium before, I didn't combine creme eggs or chocolate with that though, although it was sticky! :D

 

 

... :tumble:

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This takeover is far from done and dusted.

 

The majority of shareholders have rejected the offer and the directors have states that it is a hostile takeover.

 

Our clients at work have a large holding in Cadbury's so we have been following this one since the original announcement some time ago.

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Global markets = Global companies.

 

I worry for the long term job prospects of the current Cadbury workforce though

 

I too worry for the workforce,i also think Cadbury could be a step too far for Kraft with the amount of debt they have and how much they will need to borrow to make this deal stick.Hope our chocolate industry is not going the way of shipbuilding,steel,and motor industry,soon wont be much left in this country to takeover :(

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Exactly, RBS is 84% owned by the UK Government. Got to laugh really.

 

I'll admit I did a double take when I heard nick clegg on PMQ's announce it :( personally I find it sickening and disgusting that this government and in particular Gordon Brown have been allowed to carry on like this for this long. Oh and I am not feeling suicidal just incase they find me with both of my wrists slit in a woods somewhere, for daring to call them the shabbiest two faced miserable excuse for politicians this country has EVER witnessed.

 

*rant over* :D

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Spotted in the news, RBS are putting up the $7bn in finance.... nice touch, a bank we bail out is now assisting in selling off one of Britain's assets....

 

Financially it made sense for RBS to do this. If they didn't do it, another bank would have, and Goldman Stanley Lynch would have pocketed the fees instead of a British bank.

 

Politically, it's a no-win situation for them. If they boycotted the deal, the papers would have probably accused them of being too bogged down by dogma.

 

On balance, I think it was a shame that Cadburys was sold, but if it was going to be done regardless, I'm glad it was a UK bank that helped broker the deal.

 

A similar argument is going on about bonuses for RBS staff, especially the large ones earned by their investment bankers. If the UK government plays it cards right, it could stand to make a fair bit of money by selling RBS back to the private sector when/if it returns to rude health. Staff are a bank's main asset, especially an investment bank. They don't manufacture anything, they hardly have any tangible material assets (other than holding stocks and derivatives, which are purchased from previous profits), so the dedication and intellect of their staff is the only thing they really have. If bonuses are reduced below a certain point, the good staff will probably leave, the bank will flounder and the UK government (and hence us all) will be sitting on a worthless company that is only fit for being wound up.

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You can forget all the heritage, Cadbury as it stands now, like every other large company in the UK, will be fully focussed on maximising shareholder value and director reimbursement at the expense of all else. If they could bin all UK staff for cheapshored warm bodies they'd do it in a heartbeat. So who cares.

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