Kraft (NYSE:KFT) Being Investigated For Closing Cadbury Plant

According to a report from the Wall Street Journal, British investigators are probing Kraft Foods (NYSE:KFT) over whether the company misled employees and investors in its takeover battle for Cadbury (NYSE:CBY).

Last January, Kraft agreed to pay $18.4 billion to acquire Cadbury.

The WSJ said The Panel on Takeovers and Mergers is probing comments Kraft execs made during the battle regarding Cadbury's Somerdale candy factory.