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

Kraft started the official process on Cadbury Deal

Posted by Turgut Ziyal on Sunday, December 6, 2009, In : Mergers and Acquisitions 

LONDON/CHICAGO (Reuters) - Kraft Foods  made its formal $16.1 billion offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain.

UK business secretary Peter Mandelson warned the U.S. food giant it would face a backlash if it tried to buy Cadbury on the cheap. "If you think that you can come here and make a fast buck you will find that you face huge opposition from the local population ... and from the British government,...


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Analyst Claims Kraft remains the favourite to buy Cadbury

Posted by Turgut Ziyal on Wednesday, December 2, 2009, In : Mergers and Acquisitions 
Kraft Foods remains the favourite to buy Cadbury, a leading industry analyst claimed  even if US chocolate maker Hershey tables a bid for the Dairy Milk maker.

Andrew Wood, senior research analyst covering European food companies at Sanford Bernstein, said Kraft was still the front-runner to buy Cadbury. Wood suggested, however, that a "likely" bid from Hershey - either on its own or alongside Ferrero or Nestle - would mean an acquisition of Cadbury would not be the "steal" that Kraft had ho...
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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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