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Was The Cadbury Takeover By Kraft Foods A Wise Decision?

Yesterday, Irene Rosenfeld, chief executive officer of Kraft Foods Inc., talked about the company's more than USD 20 billion acquisition of Cadbury Plc and the U.K. confectioner's potential impact on Kraft's revenues. Warren Buffett said in January 2010 that the Cadbury takeover was too expensive and the price of the sold American Pizza segment to Nestlé was too cheap. As a result, he reduced his position in Kraft Foods.

What do you think about Kraft Foods as long-term investment?

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