UK Panel Eyes Kraft Claims On Cadbury Plant: Report

Law360, New York (March 8, 2010, 7:06 PM EST) -- A U.K. regulatory authority is reportedly looking into whether Kraft Foods Inc. made misrepresentations to investors and workers regarding its $19 billion bid to acquire Cadbury PLC.

The Panel on Takeovers and Mergers is investigating Kraft's initial claims that it would keep Cadbury's Somerdale candy factory in southwestern England open, the Wall Street Journal reported Monday, citing people familiar with the matter.

Cadbury, in contrast, had publicly stated that it planned to move the facility to Poland, the Journal reported.

Kraft has now changed its tune...
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