Page last updated at 09:47 GMT, Friday, 5 February 2010

Cadbury shares to be de-listed

Cadbury chocolate
Kraft's 11.5bn offer for Cadbury was accepted on Tuesday

Kraft Foods will remove Cadbury shares from the London Stock Exchange after 8 March now that 75% of shareholders have agreed to the takeover.

Cadbury will also apply to de-list its American Depositary Shares from the New York Stock Exchange, Kraft said.

When the level of acceptances from Cadbury shareholders goes above 90%, Kraft can force the remaining shareholders to sell.

On Tuesday, Cadbury accepted an £11.5bn ($18.9bn) takeover offer from Kraft.

The following day, the three men at the top of Cadbury announced their resignations.

Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield are all to step down, Cadbury said.



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