News Update: Buffett Cautions Kraft's Cadbury Deal is Ill-Advised (KFT,CBY,BRK.A)

Warren Buffett told CNBC he would vote against Kraft's (NYSE:KFT) takeover of Cadbury (NYSE:CBY) if he was given the opportunity. However, he can't stop the deal because Kraft's bid does not require a shareholder vote.

Warren Buffett is the Chairman of Kraft's largest shareholder, Berkshire Hathaway (NYSE:BRK.A).

Buffett said, "I think it's a bad deal," and added that "I have a lot of doubts."

On January 5th, Buffett sent a letter to Kraft shareholders urging them to vote against CEO Rosenfeld's request to issue as many as 370 million shares to fund the company's acquisition of Cadbury, saying that Kraft was worth more than the stock price suggested.

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[iancoley]

He was ignored, why? directors of Kraft got decent bonus payments... which will be paid by job cuts at cadburys. And look at this Jewish CEO of Cadburys.. get a payoff of £30m for getting deal done... CEO of Kraft.. also a jew.. gets £5m bonus.. Shareholders? get debt and reduced value! WINNERS? directors of Kraft Losers? veryone else UK TAXPAYERS UK ECONOMY 550 Jobs lost ALREADY Cadburys workers, Cadbury customers Kraft shareholders et cetera