Kraft Foods in the acquisition of Cadbury plc.
Our attorneys represented Kraft Foods in its hostile acquisition of Cadbury plc. Kraft was represented before the European Commission by members of Arnold & Porter's European competition practice based on London. After notification of the transaction, the EC cleared the acquisition by Kraft Foods Inc. of the shares of Cadbury plc. in Phase I (the Commission's initial review period). The clearance decision was subject only to limited divestment requirements concerning local Cadbury businesses in Poland and Romania. This decision removed all competition obstacles in Europe for Kraft's hostile bid for the shares of Cadbury. The firm also handled the US clearance for the transaction.