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Empresas y finanzas

Buffett against Kraft's Cadbury buy


    CHICAGO (Reuters) - Billionaire investor Warren Buffett on Wednesday came out against Kraft Foods Inc proposed $19.6 billion acquisition of Cadbury Plc .

    "I've got a lot of doubts about the deal," Buffett, whose Berkshire Hathaway is Kraft's largest shareholder, said in an interview on CNBC. "If I had a chance to vote on this, I'd vote no."

    Aside from the price Kraft would pay for CADBURY (CBRY.LO) Buffett also questioned Kraft selling its pizza business to Nestle SA in a move that raised cash for the Cadbury deal.

    "I feel poorer," Buffett said of the deals.

    Buffett said Kraft shares are undervalued.

    Kraft shares fell 3 percent to $28.54 in premarket trading after Buffett's comments.

    (Reporting by Brad Dorfman, editing by Gerald E. McCormick)