There used to be a time, when no one was bothered by the fact that the British industry was owned by foreign Companies. However, some recent changes have resulted in causing huge losses to the country exchequer and the economy of Britain as well.

A fourth term Labour Government is revealed to include "Cadbury law" in its manifesto to protect British industry from being taken over by foreign companies, prompted by fall-out from the chocolate maker's acquisition by US food conglomerate Kraft.

Lawmakers said that the food giant of U. S., Kraft Food Inc. of acting "both unwisely and irresponsibly" during the acquisition of Cadbury PLC, U. K. confectioner. This, they say have made a heavy loss for the Kraft in terms of its reputation.

It has been reported that US firm Kraft is under investigation process by UK regulators into whether it misled Cadbury employees and investors during the battle to acquire the confectioner.

The Wall Street Journal posted that the City takeover panel was pondering into Kraft's claims that the Somerdale factory would stay open if a buyout was successful.

According to the latest news, Cadbury is being acquired by the American food major, Kraft Foods. Nearly 71.73% of Cadbury shareholders are interested in this offer. After the acquisition materialises, it would result in one of the largest food companies in the world.

In the wake of the launching of a consultation by the Takeover Panel on the code governing mergers and acquisitions, it seems that the rules governing takeovers of British companies could be toughened.

Ferrero, privately owned Italian confectioner, on Monday formally denied launching a rival bid for Cadbury PLC. This carved out the way for Kraft Foods Inc. to complete its £11.9 billion ($19.18 billion) buyout of the U. K. Company.

Within days of Hershey Co.’s decision to abandon its plan to bid for Cadbury Plc, Ferrero, the Italian manufacturer of Kinder Surprise and TicTac mints, Monday announced that it too is withdrawing from the Cadbury takeover bid.

In order to win the support of shareholder Standard Life, Kraft would have to raise its bid for the Cadbury acquisition and take it beyond 900 pence, as has been stressed by the insurance group's head of UK equities.

Reports have speculated that Hershey Co. is preparing itself to step up efforts to prepare a takeover bid for British Cadbury PLC, and is looking to make a decision on the same after Kraft Foods Inc.'s last offer is made public.