Manhattan Strip Clubs: Cadbury deal ‘the price of globalisation’
Mrs Loudon, who has a small shareholding in Cadbury, said foreign buyers of UK businesses should face similar restrictions to those that British bidders encountered overseas.
She praised Lord Mandelson for threatening government opposition to any asset stripping at Cadbury, saying “there has been a deafening silence from the other political parties”.
Meanwhile, Peter Cadbury, a great grandson of George Cadbury, who stressed he was not a spokesman for the family, said: “It is regrettable that a company which took 186 years to build up has had its future decided by investors whose aims are short-term.”
He added: “The City Code should be changed so that shareholders that appear on the register after a bid is announced should not be able to vote.”
But he dismissed threatened intervention by Lord Mandelson against “asset strippers” as “sabre rattling”.