Legal & General Investment Management and Neptune have criticised Cadbury management over Kraft's agreed takeover bid, saying the 850p per share deal undervalues the confectioner.
The largest UK shareholder of Cadbury at 5.1%, LGIM says the bid "does not fully reflect" the long-term value of the company. "We are disappointed management have recommended the offer for this iconic...
Has run Cautious Managed fund since 2011
What’s right – not what sells
Richards fires back at committee report
Available on Investcentre platform
Invested from 2006-2011