Showing Tag: "hershey cadbury kraft" (Show all posts)

Ferrero Officially Bows Out on Cadbury

Posted by Turgut Ziyal on Tuesday, January 26, 2010, In : Mergers and Acquisitions 
Ferrero has ruled out a rival bid for Cadbury, clearing the way for Kraft Foods to complete its £11.7 billion ($18.9 billion) proposed takeover of the British confectioner, Reuters reported.

Fellow chocolate maker Hershey said on Friday it had no intention of bidding for Cadbury, so with Nestlé already ruled out, Kraft appears on course to complete its recommended bid by the deadline of Feb. 2.

“Further to its announcement of Nov. 18, 2009, Ferrero International SA confirms that it doe...


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Hershey will not launch a counter bid

Posted by Turgut Ziyal on Friday, January 22, 2010, In : Mergers and Acquisitions 
U.S. chocolate maker Hershey Co has decided not to launch a counterbid for British confectioner Cadbury Plc following a unanimous vote by its board late on Wednesday, the Financial Times said, citing a person briefed on the matter.

Source: Financial Times

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While Ferrero steps back, Hershey steps in!!

Posted by Turgut Ziyal on Thursday, January 14, 2010, In : Mergers and Acquisitions 

Some people who  have internal access claim that Hershey is preparing a counter-bid to Kraft hostile offer for Cadbury.  They say that Hershey  can make a formal offer before the January 23 deadline, .

Such a Hershey bid would certainly be welcomed by Cadbury. Although Cadbury has not solicited a “white knight” bid from Hershey publicly, the confectioner has made clear that it would prefer Hershey to Kraft.

Roger Carr, the UK company’s chairman, has told the Financial Times that Her...


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How can Hershey enter in the Cadbury deal?

Posted by Turgut Ziyal on Tuesday, November 24, 2009, In : Mergers and Acquisitions 

Hershey's controlling Trust has belatedly accepted that, without doing a deal, the chocolate company faces slow decline. That removes one obstacle to Hershey challenging Kraft in the battle for Cadbury.

Hershey will struggle to acquire a company twice its size. Given limited geographical overlap, moreover, synergies would probably be less than Kraft’s targeted $625m a year. A mooted $17bn offer, including $10bn cash, would leave combined Hershey- Cadbury with debt of five times earnings be...


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About This Blog:


getfoodnews In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document. I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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