Tax settlement on Cadbury’s deal hands Kraft subsidiary $58m Q1 boost
The settlement of a pre-acquisition tax matter in regard to its takeover of Birmingham confectioner Cadbury’s, has handled parent organisation Mondelez International a $58m boost to its first quarter.
Mondelez parent Kraft Foods originally acquired Cadbury’s in 2010 in a deal which valued the business at more than £11bn.
As part of the company's acquisition, Kraft became the responsible party for tax matters under a tax indemnity agreement signed on February 2, 2006 between the then Cadbury Schweppes plc and its related ent... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
