Posts Tagged ‘Kraft’
Pound rises after Cadbury takeover
The pound gained ground against the euro yesterday as US food giant Kraft announced its takeover of British confectioner Cadbury.
The pound rose to a four-month high to 1.1477 euros as the takeover reflected the attraction of overseas companies investing in the UK, according to analysts.
Furthermore, higher than expected inflation figures boosted the prospect that the [...]
Job losses at Cadburys after Kraft takeover
According to the BBC, there will be job losses at Cadbury after it agreed to an £11.7 billion takeover by US food giant Kraft.
The news of the takeover came after Kraft has already made offers for the 186-year-old British company but they were rejected by Cadbury’s board.
Cadbury’s board is supporting the latest bid from [...]
Cadbury agrees £11.7bn Kraft takeover
After months of hostile talks, British confectioner Cadbury has finally agreed to an £11.7 billion takeover by US food giant Kraft.
The 186-year-old British company, renowned for Dairy Milk chocolate, is set to advise shareholders to accept the latest bid of 840p a share.
Kraft, which is renowned for brands such as Kenco coffee and Oreo [...]
Cadbury shares up as Kraft deadline looms
British confectioner Cadbury, renowned for Dairy Milk chocolate, is awaiting the next move from US food giant, Kraft.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury in September with an informal £10.2 billion takeover offer, which Cadbury rejected.
In November, Kraft made a second bid of £9.8 billion, which was [...]
Ferrero confirms it will not bid for Cadbury
Italian firm Ferrero, which makes Nutella chocolate spread and Ferrero Rocher chocolates, has declared itself out of the running for Cadbury.
Late last year it was reported that US-based Hershey Co in partnership with Ferrero, were considering a bid for Cadbury.
Hershey is the largest chocolate maker in the US and is controlled by the charitable Hershey [...]