Kraft Foods’ largest shareholder Warren Buffett has labelled the company’s proposed acquisition of Cadbury a “bad deal” in a withering attack on US television.
Billionaire Buffett,...
Kraft Foods and Cadbury have reached an amicable takeover agreement overnight that is now only pending shareholder approval in the absence of a counterbid from potential suitor Hershey.
In a change of...
Sources close to the ongoing Kraft-Cadbury takeover saga have reported that the two parties may come to an amicable agreement, something that would come as a shock given Cadbury’s obvious disapproval...
The world’s largest confectioner, Mars, has announced what it believes is an industry-first in the UK with a 15% reduction of saturated fat in their core products.
“Mars Chocolate UK has today...
Hershey, the US chocolate maker rumoured to be preparing a solo bid for Cadbury, needs to pay a “serious price” to acquire the company, the UK confectioner’s chairman insisted today (14...
UK-based confectioner Cadbury, the subject of a hostile takeover bid from Kraft, has reported their 2009 financial figures overnight, saying revenue growth and margin expansion came in “well ahead...
The latest speculation suggests American confectionery company Hershey will be a late entry into the race for Cadbury, presenting competition to Kraft’s hostile proposal.
According to the Financial...
In its second response statement to the Kraft takeover bid, confectioner Cadbury had continued to criticise the offer, arguing that it’s even more unattractive now than when it was made.
The UK-based...
Ferrero, the Italian confectioner linked to a possible counter-bid for Cadbury, has insisted it is still mulling whether to launch a raid on the Dairy Milk maker and said the company is looking at “all...
Nestle has said its confectionery business has “sufficient size and scale” to allow the company to compete in the sector even if Kraft Foods succeeds in its bid for Cadbury.
Speaking to analysts...
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