News Tag: Takeover Panel
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
October 21, 2009
The maker of Dairy Milk chocolate, Cadbury, has exceeded analysts expectations in the third quarter after reporting a 7% rise compared with the same period a year ago.
Analysts had been expected growth of around 4% and the news sent shares up 0.9% to 808p in the British confectionery giant.
Cadbury chief executive, Todd Stitzer, said: "We have great momentum in our business ...
Cadbury sees strong third quarter
by Kay Murchie
