News Tag: reject
January 27, 2010
Workers at British confectioner Cadbury are to stage a protest today in Bournville, Birmingham in a bid to urge shareholders to reject the takeover offer from US food giant, Kraft.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, made an offer of £11.7 billion last week which 186-year-old Cadbury agreed to.
Following the announcement, Roger Carr, ...
Cadbury workers stage protest over jobs threat
by Kay Murchie
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
January 13, 2010
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 Trust. It makes the ...
Ferrero confirms it will not bid for Cadbury
by Kay Murchie
January 12, 2010
British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“.
Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an "outstanding" performance in 2009, which exceeded market expectations.
It said underlying revenues were up 5% in 2009, with a 6% rise in the latter ...
Cadbury attacks Kraft after it unveils ‘outstanding’ 2009
by Kay Murchie
November 9, 2009
The board of British confectioner Cadbury has swiftly rejected the £9.8 billion ($16.4 billion) hostile bid from US food giant Kraft.
The offer, which was put directly to Cadbury’s shareholders, was described by chairman Roger Carr as "derisory".
Kraft said it would offer 300p in cash and 0.2589 new Kraft shares for each Cadbury share, the same terms as it proposed two ...
Cadbury turns down Kraft hostile bid
by Kay Murchie
September 8, 2009
US food giant Kraft saw its shares fall 5% to $26.7 this morning on Wall Street as investors expressed concern about the group’s takeover approach for British confectionery giant Cadbury.
Cadbury rejected the £10.2 billion offer from Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange, Toblerone and cheese products such as Philadelphia and Dairylea.
When the ...
Kraft shares fall over Cadbury offer
by Kay Murchie
January 20, 2009
Banking giant HSBC has rejected the Government's offer of emergency funding.
The UK's largest banking group said it had not sought capital support from the UK Government and cannot envisage circumstances where such action would be necessary.
Unlike other banks, HSBC has been relatively unaffected by the credit crisis due to its focus on emerging markets business. With nearly 10,000 office in ...
HSBC turns down financial support from Government
by Kay Murchie
December 19, 2008
The National Audit Office (NAO) is asserting that councils are rejecting planning applications in order to meet Government targets that offer rewards for speeding up the process.
In a report published this week, the public spending watchdog suggests that targets demanded to qualify for grant funding actually encourage local authorities to reject planning applications, especially the more complex ones.
The Government has ...
Councils reject planning applications to secure funding
by Gill Montia
