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Italian confectionary manufacturer Ferrero has formally pulled out of the race to take over Dairy Milk maker Cadbury. The announcement follows a deadline for companies to make firm offers, with American-based Hershey having already ruled itself out of the running on Friday. Ferrero, which produces Nutella and Tic-Tacs, has apparently been mulling over a joint [...]
(Read More)21st Jan 10
Cadbury takeover may taste bitter for chocolate lovers
by Katie Naylor
The takeover of Cadbury to foreign owners could leave British chocolate lovers with a bitter taste in thier mouths in more ways than one. Cocolate enjoyed in the US is often shunned by Brits who believe the taste and texture is far less pleasuing to the palate because of its lower cocoa content. UK consumers [...]
(Read More)18th Jan 10
Kraft up the ante on Cadbury bid
by Adam Richards
It has been reported that US food manufacturer Kraft is anticipated to sweeten the hostile bid for Dairy Milk chocolate maker Cadbury’s shareholders Kraft, makers of a wide range of products from Oreos to Toblerone chocolates, is believed to be in the process of increasing its existing £10.5 billion offer for its unwilling UK target. [...]
(Read More)7th Jan 10
Kraft receives 1.52 percent acceptance in bid for Cadbury
by Adam Richards
Kraft has announced that it had a 1.52 per cent take-up from shareholders of Cadbury for its £10.5 billion hostile bid, with analysts claiming the US based food group would have to raise its bid to win. The company said on Wednesday that it had received acceptances by the first closing date of January 5th [...]
(Read More)16th Dec 09
Cadbury launches attack on Kraft bid
by Sally Davies
Confectionary producer Cadbury has accused Kraft of attempting to buy it on the cheap as it lays out a robust defence against the US company’s £10 million hostile bid. The Dairy Milk producer upped long-term performance targets and claimed profit margins for the 2009 were anticipated to be higher than original guidance, as it sought [...]
(Read More)23rd Nov 09
Cadbury not likely to accept Hershey takeover offer
by Harry Oldfield
It was reported yesterday that confectionary giant Cadbury is expected to rejected an expected £10.3 billion takeover bid from US candy giant Hershey. A newspaper article cited an unnamed industry source as saying that Cadbury was reluctant to make a deal with unless Hershey raised its valuation of the company, which produces the Dairy Milk [...]
(Read More)10th Nov 09
Cadbury targeted in takeover bid from Kraft
by Katie Naylor
American food manufacturer Kraft has began a £9.8 billion bid for UK confectioner Cadbury. Cadbury said that it had emphatically rejected the new offer, which is being put directly to the company’s shareholders. Kraft said it would add 300p in cash and 0.2589 new Kraft shares for each Cadbury share, the same terms which had [...]
(Read More)