American Kraft Foods has agreed to merge with Britain”s Cadbury, said in statement issued today a press release companies. Transaction is expected to make a cash and stock. The deal amounted to 11.9 billion pounds (19.4 billion dollars).

According to the final proposal, Kraft Foods will pay for each share of Cadbury to 5 pounds in cash (8.16 dollars), and 0.1874 of its shares. Thus, each share Cadbury estimated at 8.4 pound (13.7 million), which was generally satisfied with the British side. The boards of directors of both companies unanimously approved the decision and recommended that shareholders of British companies also adopt it.

consent of shareholders of American companies to complete the merger is not required, and the shareholders of Cadbury must express its consent to February 2, 2010.

To finance the transaction Kraft Foods will hold an additional issue of shares. In combining the two giants will be issued 265 million ordinary shares of Kraft Foods, which corresponds to 18% of current share capital, or 15% larger. The companies expect cost synergies from the merger will be approximately U.S. $ 675 million savings by the end of the third year after the merger.

At the same time, the Committee on Mergers and Acquisitions UK has provided the Italian Ferrero International SA and American Hershey Co., had previously expressed interest in buying the British confectionary manufacturer Cadbury, the time until January 25, 2010, that they clarify their intentions against Cadbury. Until that time, they must either announce a “firm intention to put forward a proposal for Cadbury”, or to refuse to fight for the British company.

recall, Kraft Foods fought for Cadbury in November 2009. when the leadership of the British company has expressed unwillingness to associate with an American competitor. After that Kraft Foods has sent an offer directly to shareholders of Cadbury to the hostile takeover of the company to bypass its board of directors. Kraft has offered for one ordinary share Cadbury to 3 pound (4.9 million) in cash plus 0.2589 shares of new Kraft Foods. Board of Directors of Cadbury twice rejected these conditions as non-fair value of Cadbury and its fundamental prospects - former Kraft Foods proposal to value the company at just 10.5 billion pounds (17 billion U.S. dollars).

company Cadbury Plc. specializes in the production of confectionery products and chocolate. Among the company”s brands have such well-known as aerated chocolate Wispa, chocolate bars Fruit Nut, bars Picnic, Tempo, “Golden Fund”, as well as many others. In addition, the company produces candy Halls, as well as chewing gum Malabar, Dirol and Stimorol.

Kraft Foods Inc. manufactures and sells its products in 155 countries around the world under such brands as cheese, Kraft, cream cheese Philadelphia, coffee Jacobs and Maxwell House, Carte Noire, cookies and crackers Nabisco, potato chips Estrella, as well as chocolate brand Toblerone, Mozart and Milka. Net profit of the company Kraft Foods Inc. 9 months of 2009 decreased by 14,6% and amounted to 2.32 billion dollars compared with 2.71 billion dollars, received for the same period a year earlier. The company”s revenues for the 9 months of 2009 amounted to 29.36 billion dollars, an increase of 6% less than was received in 2008, when the figure was 31.25 billion U.S. operating profit for the period reached 4.22 billion dollars, which is 20,1% more than the previous year - 3.51 billion dollars

Adjust, Russia”s stock index is likely to resume growth
NOVATEK in 2009, increased gross gas production by 6% to 32.8 billion cubic meters
Forex: pound soared, the euro fell - prose Market
New investment opportunities from the company iShares
Bank of Russia this year lowered the discount rate to 7%
Growth of production in agriculture in Ukraine in 2009 amounted to 0,1%
Forex - in the European session
Despite the correction of the local oil market quotation supports the positive dynamics od23f the overseas indices
As a result of trading the MICEX currency market the U.S. dold25lar in the UTS with the calculations of “tomorrow” was 29.6343 rubles. per dollar