Warren Buffett's Berkshire Hathaway won't be able to make good on its threat to vote against Kraft's agreement to buy Cadbury, even though Kraft had to raise its bid again to nearly $19 billion to close the deal.
Berkshire is Kraft's biggest shareholder, with a stake of over 9 percent.
Earlier this month, in a very unusual news release, Berkshire said it would vote against Kraft's proposal to authorize the issuance of up to 370 million shares to facilitate a potential deal.
The release criticized Kraft for using an "expensive currency" .. it's own stock, then trading at $27 .. for a deal. And it was taken as a signal from Buffett that he didn't want Kraft to increase its offer.
The friendly deal today, while at a higher price, has a larger cash component than Kraft's previous bids.