Kraft Foods Inc. won over Cadbury plc's board Tuesday with a $19.4 billion offer (The Deal Pipeline subscription required). Cadbury shareholders are expected to approve the transaction, as are Kraft shareholders, who must okay the issuance of stock. What will Kraft shareholder Warren Buffet, who very publicly worried about Kraft overpaying, have to say? "It's inconceivable that Kraft would progress to a negotiated deal without the implicit support of [Buffet's] Berkshire Hathaway," says Paul Bird, co-chair of the M&A group at Debevoise & Plimpton LLP, who gives Kraft chief executive Irene Rosenfeld kudos for managing through Buffet's initial comments and getting this deal to close. See the video below or download it at iTunes. - Suzanne Stevens
