News Tag: deadline
January 18, 2010
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 again swiftly rejected.
Earlier this ...
Cadbury shares up as Kraft deadline looms
by Kay Murchie
November 9, 2009
Two months ago, US food giant Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, approached Cadbury with an informal £10.2 billion takeover offer, which the UK confectioner later rejected.
Roger Carr, chairman of Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”.
However, under takeover rules, the US food ...
Kraft deadline looms as Cadbury awaits next move
by Kay Murchie
June 15, 2009
Irish pay-TV sports broadcaster Setanta has been told to pay £30 million by Friday 19 June or lose its rights to broadcast 46 live football matches next season.
The English Premier League has told the struggling broadcaster to meet its financial obligations or it will sell the rights.
In a statement, the Premier League said today: “The ...
Setanta has Friday deadline to pay £30m or lose match rights
by Kay Murchie
April 30, 2009
In a bid to strengthen and relaunch US carmaker, Chrysler, the company is set to file for Chapter 11 bankruptcy protection immediately.
The procedure will see the company gain protection from its creditors and according to President Obama, give the company “a new lease of life.”
Detroit-based Chrysler was given a deadline (which ends at midnight) to restructure the business in ...
Chrysler to file for Chapter 11 bankruptcy protection
by Kay Murchie
April 28, 2009
There is now a definitive separation between car firms Daimler and Chrysler after the German carmaker has reached a deal to give up its 19.9% stake in the US firm.
The agreement will also see Daimler forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statements, said Daimler.
Once the deal is finalised, "the ...
Daimler redeems 20% stake in Chrysler
by Kay Murchie
April 8, 2009
According to a report in the Daily Mail, the world’s largest carmaker General Motors (GM) is preparing for bankruptcy.
While the company is hoping to win concessions from its creditors, the threat of going bust puts 5,000 jobs at risk at Vauxhall in Ellesmere Port, Cheshire and Luton as well as 60,000 supply jobs.
GM wants its creditors to ...
UK jobs under threat as GM prepares for bankruptcy
by Kay Murchie
September 22, 2008
Rightmove has reported a 1% fall in the asking price of the average home in the month to 13th September.
The decline is below the 2.3% recorded by the property website in August but puts the average asking price at £227,438 or £14,204 less than a year ago.
The firm has also noted a slight decline in the number of ...
Average asking price of a home down £14,200
by Gill Montia
