Nov 7th, 2009 - guardian.co.uk
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The fate of Cadbury as a proudly independent confectioner, and the security of hundreds of jobs in the UK and Ireland, may hang on critical decisions taken this weekend by two towering figures in the stock-picking world: American billionaire investors Warren Buffett and Nelson Peltz.
The ageing investors, with 146 years between them, are both major shareholders in America's largest food conglomerate, Kraft Foods, which must decide by 5pm tomorrow whether or not to launch a formal takeover offer for Cadbury. In recent days the two investment gurus have been listening intently, but saying little, as Kraft chief executive Irene Rosenfeld delivers her latest behind-the-scenes acquisition pitch to shareholders.
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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...
Kraft makes hostile bid for Cadbury
Nov 9th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Kraft Foods launched a $16.3 billion hostile takeover bid Monday for British candy company Cadbury after the deadline for the initial bid passed without a deal. Cadbury...
REFILE-Cadbury awaits Kraft bid deadline, shares tick up
Nov 9th, 2009 - Reuters
(Repeats to correct contact details at end of text) * Kraft deadline 1700 GMT Monday for Cadbury bid * Cadbury shares edge nearly 1 percent higher LONDON, Nov 9 (Reuters) - Cadbury's (CBRY.
Kraft says profit falls, Cadbury remains appealing
Nov 3rd, 2009 - WTOP
NORTHFIELD, Ill. (AP) - Kraft Foods said Tuesday that slower sales, lower retail food prices and the comparison with a gain a year ago helped cut its third-quarter profit 40 percent...
