Kraft’s offer softened by lack of rivals November 1, 2009 CONFECTIONERY group Cadbury could get an improved takeover offer from suitor Kraft this week, although it may fall short of investors’ hopes due to a lack of rival bids. It is understood the US maker of Dairylea cheese may make a £10.5bn offer for the Dairy Milk firm, higher than the £9.9billion offered by Kraft [...]
Kraft’s offer softened by lack of rivals November 1, 2009 CONFECTIONERY group Cadbury could get an improved takeover offer from suitor Kraft this week, although it may fall short of investors’ hopes due to a lack of rival bids. It is understood the US maker of Dairylea cheese may make a £10.5bn offer for the Dairy Milk firm, higher than the £9.9billion offered by Kraft [...]
Rosenfeld sticks to her guns on bid price November 9, 2009 KRAFT’s chairman Irene Rosenfeld yesterday argued that a takeover of rival Cadbury would lead to the birth of a “global powerhouse” in snacks and confectionary and create millions of dollars in savings. Rosenfeld said that a takeover of the Dairy Milk maker would lead to annual pre-tax cost savings of at least $625m, through synergies [...]
Kraft activist shareholder is ungagged October 26, 2009 ACTIVIST investor Nelson Peltz has had a two-year gagging order lifted by Kraft, sparking talk that the US food giant will now come under pressure to secure a takeover deal with Cadbury. Peltz’s Trian Fund Management group had struck a two-year “standstill” agreement with the US group in November 2007, under which he promised not [...]
Kraft activist shareholder is ungagged October 26, 2009 ACTIVIST investor Nelson Peltz has had a two-year gagging order lifted by Kraft, sparking talk that the US food giant will now come under pressure to secure a takeover deal with Cadbury. Peltz’s Trian Fund Management group had struck a two-year “standstill” agreement with the US group in November 2007, under which he promised not [...]
Cadbury sales jump as Brits turn to treats June 18, 2009 CHOCOLATE giant Cadbury yesterday reported improved trading in April and May, as a recession-hit Britain snapped up its new “bitesize” range and relaunched Wispa bars. The world’s second-largest confectioner said it was cashing in on the frugal times with the bitesize bags of chocolate-coated sweets as a low-cost treat for consumers, who tend to stay [...]
Letter condemns RBS for irresponsible investments November 29, 2009 IAIN BANKS, the Scottish author, along with MPs and church leaders, has written to the chancellor to complain about the government’s handling of Royal Bank of Scotland. More than 30 people have signed a letter to Alistair Darling, complaining about how RBS is being allowed to invest. They say the government has written “a blank [...]
Merlin lines up Sunderland November 16, 2009 The backers of theme park group Merlin Entertainments are lining up John Sunderland as chairman ahead of a stock market floatation next year. Merlin’s shareholders, which include Blackstone and Dubai International Capital, have identified the former chief executive and chairman of Cadbury-Schweppes to take the firm public. Merlin Entertainments, which owns Alton Towers, Legoland and [...]
KRAFT November 9, 2009 KRAFT has enlisted a syndicate of banks to agree to a £5.5bn credit facility to finance the cash portion of its bid and go towards paying down some of Cadbury’s debt, should the bid succeed. Citigroup Global Markets, Deutsche Bank Securities and HSBC Securities served as joint bookrunners, while Citibank and Deutsche Bank Cayman Islands [...]
Pound rises on Greek woes January 19, 2010 AS ANY British tourist heading to the Eurozone or the US will be aware, our pounds don’t go half as far as they used to. Sterling has been the whipping boy of the currency markets for over a year now and there’s little sign, at least in terms of the big picture, that we Brits [...]