CSR has today advised their shareholders that an assessment of the non-binding offer from China’s Bright Food Group has resulted in them dismissing the proposal. “CSR Limited has considered...

As speculation of other bidders entering the fray mounts, CSR is pushing on with demerger plans in the wake of a $1.5 billion informal offer from Bright Food this week. CSR last night advised that discussions...

Chinese food processor Bright Food has approached Australia’s largest sugar firm regarding the possibility of a takeover. Bright said in a statement today that they had approached the ASX-listed...

Hershey and Nestle will not “willingly stand by” and become less competitive in the global confectionery market – and could still launch a rival bid for Cadbury, one analyst has suggested. Simon...

Cadbury management has remained steadfast in their belief that the confectioner is worth much more than the value placed on it by Kraft, rejecting a formal offer from the manufacturer last night. Kraft...

The UK Takeovers Panel has ruled that food manufacturer Kraft must make a binding proposal to Cadbury by November 9 or signal their intent not to bid. The decision was made after Cadbury representatives...

Cadbury chief executive Todd Stitzer overnight (16 September) defended the UK confectioner’s record, insisting the company had “delivered on its promises” and laid out its plans for further...

British confectioner Cadbury has given no indication that they are looking for a tie-up in the wake of Kraft’s surprising A$19.5 billion bid. The maker of Dairy Milk and Trident responded to Kraft’s...

Japanese brewer Kirin Holdings has received the all clear from the Foreign Investment Review Board for their takeover of Australia’s second largest brewer – Lion Nathan. The $3.5 billion takeover...

Lion Nathan today announced that it had signed an Implementation Agreement with Kirin Holdings for Kirin’s $3.5b takeover. Late last month the Lion Board accepted a $12.22 per share offer by Kirin...