Cadbury deal is first in an M&A boom for 2010 January 20, 2010 KRAFT’S takeover of Cadbury will not change our love of Dairy Milks and Creme Eggs, but it will take time before we start thinking of Cadbury as an American, rather than a British, institution. Before the year is out, though, we might have to get used to other much-loved businesses going the same way. Market-watchers [...]
Hershey working on counter-bid for Cadbury January 13, 2010 HERSHEY is preparing to launch a solo takeover bid for Cadbury to rival the $17bn (£10.4bn) bid from Kraft. The American firm initially showed interest in a joint bid with Italy’s Ferrero, but now the chocolatier has dropped out of the running Hershey has authorised a bid. It is expected to make a formal offer [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
CADBURY’S CARR REFUSES TO COSY UP TO KRAFT PREDATOR ROSENFELD February 4, 2010 IRENE Rosenfeld hasn’t exactly offered herself readily to the cameras during her ultimately successful five-month pursuit of chocolatier Cadbury, though The Capitalist hears there was at least one photograph of herself that the Kraft boss would have liked as a memento to her victory. As the two companies’ representatives filed out of the offices of [...]
CITY VIEWS: are you upset by cadbury being taken over by kraft? February 2, 2010 GEORGINA PARKER | NICOLL CURTIN “To be honest, as long as it doesn’t affect the chocolate I don’t really mind. Of course, I’d be very upset if Cadbury’s giant buttons and Cadbury’s caramel weren’t being sold any more, so I hope it doesn’t affect that.” GILLIAN RUBY | TOWERGATE “I think it’s very sad. It’s [...]
Hopes of rival Cadbury offer melting away January 14, 2010 CADBURY remained defiant last night in the face of a hostile takeover bid by Kraft, as hopes of a rival offer appeared to fade. Hershey emerged as a potential rival to Kraft after its board authorised a bid for the chocolatier. “In recent times they have reaffirmed their interest,” Cadbury chairman Roger Carr said yesterday, [...]
Cadbury board gives green light to Kraft takeover January 18, 2010 THE Cadbury board has recommended that its shareholders agree a takeover by American conglomerate Kraft Foods that values the maker of Dairy Milk and Twirl at £11.5bn. It said the offer of 840p plus a 10p dividend per share represented good value. The consensual deal is a dramatic finale to a takeover battle that has [...]
Hershey lines up $10bn for Cadbury bid January 17, 2010 IN a gripping twist to the Cadbury saga, Hershey yesterday appeared to be lining up a staggering $10bn (£6.15bn) bank loan. The US confectioner seems determined to fight against the odds to snap up hostile takeover target Cadbury. The loan, believed to be from banks including JP Morgan and Bank of America, would give it [...]
Cadbury set for last stand against Kraft January 11, 2010 CADBURY will today mount a last-ditch defence against the hostile bid from American conglomerate Kraft as it reveals strong numbers for 2009. Chief executive Todd Stitzer is expected to tell shareholders that a combination of cost-cutting and robust sales have propelled the company in line with the ambitious expectations outlined in December. In a conference [...]