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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)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)