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Jan. 6 (Bloomberg) -- Warren Buffett, the billionaire investor who helped
scuttle Coca-Cola Co.’s bid for Quaker Oats 10 years ago, is restraining
Kraft Foods Inc. in its quest to acquire Cadbury Plc.
Buffett’s Berkshire Hathaway Inc., Kraft’s biggest shareholder, urged
fellow investors to oppose a plan to issue as many as 370 million shares to
help buy the U.K.-based candy maker. Kraft Chief Executive Officer Irene
Rosenfeld is seeking a “blank check” for the deal, Berkshire said
yesterday.
“I
scuttle Coca-Cola Co.’s bid for Quaker Oats 10 years ago, is restraining
Kraft Foods Inc. in its quest to acquire Cadbury Plc.
Buffett’s Berkshire Hathaway Inc., Kraft’s biggest shareholder, urged
fellow investors to oppose a plan to issue as many as 370 million shares to
help buy the U.K.-based candy maker. Kraft Chief Executive Officer Irene
Rosenfeld is seeking a “blank check” for the deal, Berkshire said
yesterday.
“I