Nov 3rd, 2009 - Reuters
NEW YORK (Reuters) - Kraft Foods Inc has obtained a $9 billion in bridge financing from a group of nine banks to back its 10.2 billion pound ($16.7 billion) bid for Britain's Cadbury Plc, bankers told Thomson Reuters LPC.
The nine banks include lead underwriters Citigroup Inc, Deutsche Bank AG, HSBC Holding Plc and Barclays Plc.
Citi declined to comment on the financing. Kraft was not immediately available to comment.
Related stories:
Kraft's 'Disciplined' Cadbury Approach Sows Doubt on Takeover
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- Kraft Foods Inc. Chief ExecutiveOfficer Irene Rosenfeld’s vow to remain “disciplined” on herbid for Cadbury Plc stirred speculation that the U.S...
FOCUS: A Cadbury Bid Should Reflect New Built-In Premium
Nov 4th, 2009 - Wall Street Journal
(This article was originally published Tuesday) LONDON (Dow Jones)--Any new bid for Cadbury PLC (CBY) from Kraft Foods Inc (KFT) should reflect a rise in the U.K. confectioner's underlying valuation in the last two months...
Kraft May Walk Away From Cadbury, jpmorgan Chase Analysts Say
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- Kraft Foods Inc. may scrap itsapproach for Cadbury Plc and make a new offer for the U.K.confectioner in a year’s time, JPMorgan Chase & Co...
Kraft profit suffers in third quarter, but co. raises outlook for year, eyes bid
Nov 3rd, 2009 - baltimoresun
PORTLAND, Ore. (AP) - Kraft Foods Inc. is still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker, Kraft said Tuesday.
Kraft has little time left to make a firm offer for Cadbury...UPDATE 1-Kraft obtains $9 bln loan for Cadbury bid -- RLPC
Nov 3rd, 2009 - Reuters
* Nine banks involved * Lead underwriters include Citi, Deutsche, HSBC NEW YORK, Nov 3 (Reuters) - Kraft Foods Inc (KFT.N) hasobtained a $9 billion in bridge financing from a group of ninebanks to back its 10.
Related videos from YouTube:
2:18Kraft May Have to Raise Cadbury Bid as Deadline Looms: Video
Nov. 9 (Bloomberg) -- Kraft Foods Inc., the worlds second-largest food maker, may have to increase its 9.8 billion-pound ($16 billion) bid for confectioner Cadbury Plc by todays deadline to keep its takeover attempt alive, investors said. Bloomberg's Jennifer Joan Lee reports. (Source: Bloomberg)
1:15Cadbury Rejects Kraft Bid As Not So Sweet
Cadbury has rejected a renewed $16.4 billion hostile bid from Kraft Foods after the company refused to sweeten a previous offer. (Nov. 9)
3:09FT's Saigol Says Kraft Needs to Increase Bid for Cadbury: Video
Nov. 9 (Bloomberg) -- Lina Saigol, mergers and acquisitions editor at the Financial Times, talks with Bloomberg's Rishaad Salamat and Jennifer Joan Lee about Kraft Foods Inc.'s bid for confectioner Cadbury Plc. The world's second-largest food maker may have to increase its 9 ...
0:37Kraft Makes a Hostile Takeover Bid for Cadbury
Kraft, maker of Kraft macaroni & cheese is attempting to buy out British confectionery company Cadbury, maker of the Cadbury egg. And yes, I know they both make a lot of other food products. Facebook www.new.facebook.com Twitter: twitter ...
