Kraft Foods sent details of its takeover bid directly to Cadbury shareholders today (4 December) three days ahead of deadline. Amid analyst claims that Kraft remains the favourite to win the race for Cadbury, the Dairy Milk maker’s union bosses continued to publicly hit out at the US food giant. Elsewhere, Dominic Lowe, managing director of Cadbury’s premium chocolate arm Green & Black’s, announced his resignation to “move on in search of new entrepreneurial challenges”.
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US/UK: Kraft sends offer to Cadbury investors
Kraft Foods has sent details of its takeover bid directly to Cadbury shareholders today (4 December) – with the US food giant’s boss Irene Rosenfeld insisting the offer is in the “best interests” of both companies’ investors.
US: Nestle could help Hershey in Cadbury bid – analyst
Nestle could buy back the Kit-Kat and Rolo brands in the US from Hershey, giving the US chocolate giant the power to fund a combination with Cadbury, according to one industry analyst.
UK: Cadbury to see Green & Black’s boss leave
Cadbury is set to see the managing director of premium chocolate arm Green & Black’s leave the company at the end of February.
US/UK: Kraft “to outline benefits of cash-and-stock offer”
The deadline for Kraft Foods to send its offer document to Cadbury shareholders is approaching – and the US food giant is reportedly set to argue that its cash-and-shares offer has the potential to reach 800p a share.
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By GlobalDataINSIGHT: Kraft & Cadbury – prospects for Western Europe
Hershey, Ferrero and Nestle may be named as potential suitors for Cadbury but Kraft Foods remains the front-runner to buy the Dairy Milk maker – and the US food giant was today (1 December) named the “favourite” by a leading investment analyst.
UK: Kraft “favourite” to buy Cadbury – analyst
Kraft Foods remains the favourite to buy Cadbury, a leading industry analyst claimed today (1 December) even if US chocolate maker Hershey tables a bid for the Dairy Milk maker.
UK: Cadbury repeats quest for value from takeover bids
Cadbury has repeated that its board will look to get the best value for the UK confectioner’s shareholders after CEO Todd Stitzer praised potential bidder Hershey over the weekend.
UK: Cadbury union attacks Kraft over jobs
Union officials representing Cadbury workers in the UK have today (30 November) publicly hit out at Kraft Foods after meeting the US food giant last week to gain assurances over jobs.
