Cadbury's future hangs in balance with takeover bid from Kraft expected

Nov 7th, 2009 - guardian.co.uk

Related content:

After 195 years as a successful and much-loved British company the future ownership of Cadbury hangs in the balance ahead of an expected formal takeover offer from US food company Kraft tomorrow.

The firm behind Dairy Milk, Jelly Babies and Bassett's Allsorts has for the past two months rejected Kraft's informal overtures, describing a proposed £10.2bn price tag for the British confectioner as "unappealing". Under stockmarket rules Kraft has until 5pm tomorrow to file a formal offer.

Read the whole story on guardian.co.uk or try our Toolbar

blog comments powered by Disqus

UPDATE 1-NEWSMAKER-Kraft CEO plays steady hand with Cadbury bid
Nov 9th, 2009 - Reuters
(Adds analyst comment, Rosenfeld's 2008 compensation) CHICAGO, Nov 9 (Reuters) - In her biggest gambit yet forKraft Foods (KFT.N), Irene Rosenfeld just won't blink. Rosenfeld took her offer for British chocolatier CadburyPlc (CBRY.
SCENARIOS: Kraft aiming to acquire Cadbury more cheaply
Nov 9th, 2009 - Reuters
LONDON (Reuters) - Kraft Foods chief executive Irene Rosenfeld is playing hardball with her $16.4 billion hostile offer for Cadbury, triggering a bid battle that could stretch for up to three months.
Top Cadbury investor says Kraft needs to raise bid
Nov 9th, 2009 - Reuters
* Top 10 investor says "8 pounds plus" offer hard to reject * Says Cadbury board right in rejecting Kraft offer * "scramble for calculators" if bid near 9 stg -2nd investor (Adds top 25 investor...
At a Glance: Kraft's Bid for Cadbury
Nov 9th, 2009 - Wall Street Journal
LONDON -- U.S.-based Kraft Foods Inc. Monday launched a formal hostile takeover bid for Cadbury PLC, taking its approach directly to the target's shareholders as the U.K...
Kraft facing 5pm deadline in battle for Cadbury
Nov 8th, 2009 - guardian.co.uk
Cadbury is readying its defences against a hostile takeover bid from the US food group Kraft, which is expected to come tomorrow. Kraft has until 5pm tomorrow to launch a formal offer or walk away for six months under UK takeover rules...