Buffett Lacks Enthusiasm for Kraft’s Cadbury Bid
Published on September 16, 2009 at 8:27 am
In the second part of the CNBC interview shown below, Warren Buffett comments on Kraft’s recent bid for Cadbury. While he expressed confidence in Kraft’s management, he was very clear in stating that Kraft already made a “full price” offer and is at a disadvantage since part of the deal involves using “undervalued” Kraft stock. Mr. Buffett also comments on a variety of other topics including the residential real estate market. The first part of the interview was posted with some comments on this site last night.
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Posted by Ravi Nagarajan
on Sep 16 2009. Filed under Berkshire Hathaway, Economics, Kraft Foods.
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