Sweet success

Kraft Foods said it has more than 90 percent ac ceptances from Cadbury shareholders in its $18.4 billion takeover of the British confectioner. After a five-month battle for the company, the US food giant said it would start a compulsory purchase of the remaining shares.

JPMorgan

JPMorgan Chase is close to a deal to buy the non-US units of RBS Sempra Commodi ties for about $1.7 bil lion to expand its en ergy and metals trading units, sources said. Royal Bank of Scotland Group was forced to sell its stake in Sempra by the European Union after receiving a $71 bil lion taxpayer-funded bailout.

Air deal

British Airways may reap a 150 million-pound ($235 million) boost to earnings after winning antitrust approval for a deeper alliance with AMR’s American Airlines on lucrative routes across the North Atlantic.

Oil skids

US crude for March de livery last traded 13 cents lower at $74 a barrel in electronic activity. There was no settlement price as floor activity on the Nymex was closed for President’s Day.