Recent Event Highlights: Cadbury recommends acceptance of new Kraft takeover bid, Cadbury shares up on reports of Hershey bid , Cadbury worth more than Kraft bid - analysts , Commission sets conditions for Kraft buying Cadbury, Kraft sells pizza business to Nestlé to fund Cadbury offer, Cadbury’s union moves to block Kraft takeover, and 1 more...
Created by janebyrne1 on Jan 20, 2010
Last updated: 03/12/10 at 03:24 AM
Kraft has struck an ÂŁ11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.
http://www.foodnavigator-usa.com/Publications/Food-Beverage-Nutrition/FoodNavigator.com/Financial-Industry/Cadbury-recommends-acceptance-of-new-Kraft-takeover-bid
Cadbury shares rose today on the back of media report that indicated that US chocolate maker, Hershey’s could be set to make a counter-bid for the UK confectioner, already the focus of a hostile bid from Kraft Foods.
http://www.foodnavigator-usa.com/Publications/Food-Beverage-Nutrition/ConfectioneryNews.com/The-Big-Picture/Cadbury-shares-up-on-reports-of-Hershey-bid
Cadbury issued a second defence document today giving further reasons as to why the hostile bid from Kraft was unattractive, noting that it did not match similar deals in the industry in recent years.
http://www.foodnavigator-usa.com/Publications/Food-Beverage-Nutrition/ConfectioneryNews.com/The-Big-Picture/Cadbury-worth-more-than-Kraft-bid-analysts
The difference between British and continental European chocolate preferences means the acquisition of Cadbury by Kraft would not present competition problems, the European Commission has said, as long as Cadbury’s concerns in Poland and Romania were sold to a third party.
http://www.foodnavigator.com/Financial-Industry/Commission-sets-conditions-for-Kraft-buying-Cadbury
Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.
http://www.foodnavigator-usa.com/Financial-Industry/Kraft-sells-pizza-business-to-Nestle-to-fund-Cadbury-offer
Cadbury’s updated statement on revenue growth for the next four years should incentivise its shareholders to hold out for a higher offer than the bid from Kraft Foods or remain independent, according to market research firm Sanford C Bernstein.
http://www.confectionerynews.com/The-Big-Picture/Cadbury-s-aggressive-stance-could-keep-it-independent-analyst
British and Irish workers at Cadbury have announced a campaign to resist Kraft’s hostile ₤9.8bn ($16.3bn) takeover bid by appealing to shareholders and politicians to block the deal.
http://www.foodnavigator.com/Financial-Industry/Cadbury-s-union-moves-to-block-Kraft-takeover
Hershey and Ferrero are reported to be considering a joint bid for Cadbury that could put the brakes on a hostile takeover by Kraft.
http://www.foodnavigator-usa.com/Financial-Industry/Kraft-launches-hostile-takeover-bid-for-Cadbury
Kraft has formally made a ÂŁ9.8bn ($16.3bn) hostile takeover bid for British confectioner Cadbury, just hours before the 5pm GMT deadline imposed by the UK Takeover Panel.
http://www.foodnavigator-usa.com/Financial-Industry/Kraft-launches-hostile-takeover-bid-for-Cadbury
Cadbury’s upwardly revised revenue forecasts are a strong defence to the bid from Kraft, claim industry analysts
http://www.foodnavigator-usa.com/Publications/Food-Beverage-Nutrition/ConfectioneryNews.com/The-Big-Picture/Pressure-on-Kraft-as-Cadbury-upbeat-on-results
The UK’s Takeover Panel has announced a deadline of November 9 for Kraft to make a bid for Cadbury or to say that it does not intend to make an offer.
http://www.foodnavigator-usa.com/Financial-Industry/Kraft-given-November-deadline-for-Cadbury-bid
Cadbury has approached the UK’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.
http://www.foodnavigator-usa.com/Financial-Industry/Cadbury-tells-Kraft-to-bid-or-back-off
Kraft Foods has confirmed it has had an initial takeover bid for Cadbury rejected but said it intends to work towards a deal that would create a $50bn food industry powerhouse.
http://www.foodnavigator.com/Financial-Industry/Kraft-Foods-launches-Cadbury-takeover-bid
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