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On 11/04/2012 2:59 PM, Invisible wrote:
>
>>> Similarly, Cadbury, maker of fine chocolates, was recently bought by
>>> Kraft foods, makers of naff cheap crap. How the heck did /that/ happen??
>>
>> They offered a high enough price that was acceptable for the company,
>> much like any other trade.
>
> My question was more "how the hell can they afford that?"
The get loans for the money used to buy the company and when the company
is theirs they asset strip to pay back the loan. I believe that this is
also done with football companies.
--
Regards
Stephen
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