UK takeover panel gives Kraft Nov 9 deadline to make bid for candy maker CadburySeptember 30th, 2009 Kraft given Nov 9 deadline to bid on CadburyLONDON — Britain's Panel on Takeovers and Mergers says Kraft Foods Inc. has until November 9 to either make a firm bid for candy maker Cadbury PLC or walk away.
Report: Kraft preparing to make hostile $17.45 billion bid for British candy maker CadburySeptember 30th, 2009 Report: Kraft could make hostile bid for CadburyKraft Foods Inc. is poised to launch a hostile bid for British candy maker Cadbury PLC, The Observer said Sunday, citing unnamed sources.
Cadbury asks U.K. takeover panel to force Kraft to make formal bid, or drop itSeptember 22nd, 2009 Cadbury involves U.K. takeover panel in Kraft bidNEW YORK — Candy maker Cadbury PLC has taken Kraft Foods Inc.'s unsolicited bid to British regulators, asking them to make the American food maker produce a formal takeover bid or abandon the proposal, according to a published report.
Report: Hershey hires Buffett's banker to advise on possible Cadbury bid, rivaling KraftSeptember 17th, 2009 Report: Hershey hires advisers, mulls Cadbury bidNEW YORK — The trust that controls Hershey Co. has hired a notable banker and a small banking firm to advise on a possible bid for rival candy maker Cadbury PLC to compete with an offer from Kraft Foods Co., according to a published report.
Cadbury chairman says Kraft bid undervalues company, opposes being absorbed by US food giantSeptember 12th, 2009 Cadbury chairman: Kraft bid undervalues companyDALLAS — The chairman of candy maker Cadbury PLC said Saturday that Kraft Foods Inc. undervalued his company in a takeover offer this week, and he dismissed the suitor as a "low growth conglomerate."
Roger Carr laid out his opposition to Kraft's $16.7 billion bid in an open letter to Kraft CEO Irene Rosenfeld.
CEO Irene Rosenfeld pushes for Cadbury acquisition, hopes to boost productivity in EuropeSeptember 9th, 2009 Kraft CEO Rosenfeld advocates offer for CadburyNEW YORK — Kraft Foods Inc. CEO Irene Rosenfeld said Wednesday that she will keep pushing to buy candy maker Cadbury PLC as part of Kraft's focus on higher-margin brands and international markets, but ratings agencies were wary of the deal.
Kraft says it will focus on high-margin brands to boost productivity in EuropeSeptember 9th, 2009 Kraft to focus on improving growth in EuropeNORTHFIELD, Ill. — Kraft Foods Inc.
Cash may be key in offer for candy maker Cadbury after rejection of Kraft's $16.7B bidSeptember 8th, 2009 Cold, hard cash may be key to Cadbury's heartPORTLAND, Ore. — British candy maker Cadbury PLC is awaiting a sweeter offer than Kraft Foods Inc.'s $16.7 billion stock-and-cash proposal.
World stock markets advance after US jobs report, G-20 meeting; Tokyo gains 1.3 percentSeptember 7th, 2009 World stocks rise after US jobs data, G-20 meetingHONG KONG — World stock markets rose Monday, following Wall Street higher after the pace of U.S. job losses eased and major countries pledged to keep extraordinary government measures in place to prop up the global economy.
European, Asian markets advance after G-20 countries commit to keeping stimulus in placeSeptember 7th, 2009 Stocks rise after G-20 say stimulus will stayLONDON — European and Asian stocks rose Monday after finance officials from 20 rich and developing countries pledged to keep in place their massive stimulus programs to prop up the global economy. News of corporate takeover activity, with Cadbury jumping 37.8 percent after rejecting a takeover offer from Kraft, also helped stocks start the week well on a day when Wall Street will be closed for the Labor Day holiday.
British candy maker Cadbury says $16.7 billion bid from Kraft Foods is too lowSeptember 7th, 2009 Cadbury rejects Kraft's $16.7 billion bidLONDON — Kraft Foods Inc. on Monday proposed a 10.2 billion pound ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British maker of chocolate, gum and candy.
Cadbury profit rises on gain from beverage business, recession-proof chocolate consumptionJuly 29th, 2009 Cadbury first-half profit nearly triplesLONDON — Candy and gum maker Cadbury PLC nearly tripled net profit in the first half of the year as the company pocketed a strong gain from its discontinued beverage business and as people ate more chocolate during the recession. The company, which makes Cadbury chocolates, Trident and Dentyne gum, and Halls and Bassett's candies, said Wednesday that net profit was 313 million pounds ($513 million), compared to 113 million pounds during the same period a year earlier.
Cadbury 1H profit nearly triples on gain from former beverage businessJuly 29th, 2009 Cadbury 1H profit nearly triplesLONDON — Candy and gum maker Cadbury PLC tripled its net profit in the first half of the year compared to the same period a year ago, with results boosted by a strong gain from its discontinued beverage business. The company, which makes Cadbury chocolates, Trident and Dentyne gum, and Halls and Bassett's candies, said Wednesday that net profit was 313 million pounds ($513 million), compared to 113 million pounds a year earlier.
Cadbury H1 profit nearly triples on gain from former beverage businessJuly 29th, 2009 Cadbury H1 profit nearly triplesLONDON — Candy and gum maker Cadbury PLC nearly tripled net profit in the first half of the year as the company pocketed a strong gain from its discontinued beverage business and as people ate more chocolate during the recession. The company, which makes Cadbury chocolates, Trident and Dentyne gum, and Halls and Bassett's candies, said Wednesday that net profit was 313 million pounds ($513 million), compared to 113 million pounds during the same period a year earlier.
Kraft Foods 1Q likely to show volume drops as consumers buy private label brandsMay 1st, 2009 Earnings Preview: Kraft Foods Inc.MILWAUKEE — Kraft Foods Inc., the nation's largest food and beverage maker, reports its first-quarter earnings on Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
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