As speculation over Cadbury’s future mounted this week, UK union officials held what they described as “constructive” talks with Kraft Foods this week, despite leaving without concrete assurances on UK production. Meanwhile, shares in the Dairy Milk maker jumped on reports that Nestle might be considering a bid and, while rumours mounted of a potential move from Hershey, the UK confectionery giant insisted that the value of any bid – rather than the identity of the bidder – would be its prime consideration.
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UK: Bid value is key, says Cadbury
Cadbury has emphasised that value remains the key factor in any takeover bid for the UK confectioner after a weekend of growing speculation over the future of the business.
UPDATE: UK: Nestle “mulling Cadbury bid” – report
Shares in Cadbury have jumped on reports that a bidding war for the UK confectioner could develop between Kraft Foods and rivals, including Switzerland’s Nestle.
UK: Cadbury union holds “constructive” Kraft talks
UK union bosses representing workers at Cadbury have held “constructive” talks with US food giant Kraft Foods today (25 November) following the company’s hostile takeover bid for the Dairy Milk maker.
US: Hershey Trust “seeks legal ok for Cadbury bid”
The Hershey Trust, the controlling shareholder of the US chocolate maker, has reportedly asked law makers in Pennsylvania to allow the company to potentially bid for Cadbury.
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By GlobalDataUS: Kraft sells Balance Bar Co to PE investor
Kraft Foods has sold its energy bar business, Balance Bar Company, to private equity group Brynwood Partners VI for an undisclosed sum.
