LOS ANGELES, Dec 18 (Reuters) - Kraft Foods Inc said on Friday it will hold a special shareholder meeting on Feb. 1 and ask shareholders to vote on its proposal to issue shares in connection with its bid to buy Britain's Cadbury Plc .
On Dec. 4, Kraft offered to buy Cadbury. Combining the two companies would create the world's biggest confectionery group.
Kraft has offered to issue up to 370 million shares of its common stock and pay up to 4.3 billion pounds cash in exchange for the all of Cadbury's outstanding ordinary shares.
(Reporting by Lisa Baertlein; editing by Andre Grenon) Keywords: CADBURY KRAFT/ (lisa.baertlein@thomsonreuters.com; +1 213 955 6742; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
On Dec. 4, Kraft offered to buy Cadbury. Combining the two companies would create the world's biggest confectionery group.
Kraft has offered to issue up to 370 million shares of its common stock and pay up to 4.3 billion pounds cash in exchange for the all of Cadbury's outstanding ordinary shares.
(Reporting by Lisa Baertlein; editing by Andre Grenon) Keywords: CADBURY KRAFT/ (lisa.baertlein@thomsonreuters.com; +1 213 955 6742; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.