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• Kraft's bid is ‘contemptuous', says analyst

  BNET - 2009-11-10

  Cadbury swiftly rejected a new £9.8bn ($16.3bn) bid from Kraft yesterday, calling the offer ‘derisory'. Nominally, the offer of 300 pence and 0.2589 new Kraft shares for each Cadbury share is the same as that put forward in Kraft's initial bid in September, but the lower value of its shares...

  Tags: Cadbury Schweppes Plc.

• Cadbury Board Urges Shareholders to Reject Kraft Offer

  BNET - 2009-11-09

  LONDON ? Cadbury?s board of directors is recommending its shareholders reject Kraft Foods? $16.3 billion hostile takeover bid, saying it?s too low to come close to reflecting Cadbury?s true value. The company?s board rejected Kraft?s Sept. 7 offer, whose cash price per share and exchange ratio remain unchanged. Cadbury contends...

  Tags: Cadbury Schweppes Plc., Kraft Foods Inc.

• Kraft Turns Hostile in Bid For Cadbury

  ReutersUK - 2009-11-09

  By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters UK) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion (9.7 billion pounds) offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up...

  Tags: Bid, Kraft Foods Inc., Cadbury Schweppes Plc., Hershey Co, Financial Accounting, Food & Beverage, Lazard, Rosenfeld

• Kraft Turns Hostile in $16 Billion Bid For Cadbury

  Reuters - 2009-11-09

  By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters) - Kraft Foods Inc KFT chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc CBRY and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three...

  Tags: Bid, Kraft Foods Inc., Hershey Co., Cadbury Schweppes Plc., Financial Accounting, Lazard, PepsiCo, Rosenfeld

• Kraft's game of cat and mouse turns hostile

  BNET - 2009-11-09

  Cadbury's board took less than an hour on Monday to issue a statement condemning Kraft's hostile offer, signalling that it is preparing a staunch defence of the company's prospects as a stand-alone entity in the months ahead. "Kraft's offer does not come remotely close to reflecting the true value of...

  Tags: Cadbury Schweppes Plc.

• Kraft Bids Low and Plays Long in Cadbury Takeover

  BNET - 2009-11-09

  So far, so predictable -- Kraft came in with a bid for Cadbury, and Cadbury "emphatically rejected" it, with Cadbury's chairman calling the offer "derisory". Kraft will need to sweeten its bid to turn shareholders' heads. Kraft's offer today valued the UK chocolate company at £9.8bn or 717p a share,...

  Tags: Cadbury Schweppes Plc., Kraft, Financial Accounting, Finance, Joanna Higgins

• Kraft Battle for Cadbury Takeover Just Beginning

  BNET - 2009-11-09

  Today was the deadline for Kraft Foods KFT to make official its bid on UK-based Cadbury CBY, according to the UK Takeover Panel, and Kraft surprised many by failing to budge from its initial offer. In fact, because of changes in Kraft stock prices, the offer was worth less than...

  Tags: Kraft Foods Inc., Cadbury Schweppes Plc., Financial Accounting, Finance, Katherine Glover

• Kraft Foods makes hostile bid for Cadbury

  BNET - 2009-11-09

  LONDON - Kraft Foods Inc. has made a $16.4 billion (9.8 billion pound) cash-and-stock offer for British candy maker Cadbury PLC. Monday's hostile offer values each Cadbury share at 717 pence, lower than Kraft's previous rebuffed approach of 745 pence. Kraft says the price "represents a substantial premium to the...

  Tags: Cadbury Schweppes Plc., Kraft Foods Inc.

• Cadbury rejects Kraft's £9.8bn hostile bid

  BNET - 2009-11-09

  Cadbury on Monday rejected a hostile cash and shares bid from Kraft that valued the UK confectionery group at £9.8bn or 717p a share, after the US foods group formalised the terms of an indicative offer it made two months ago. Shares in Cadbury, which had been trading higher in...

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• Weekend Round-Up

  BNET - 2009-11-08

  £165bn loan keeps Lloyds afloat Lloyds Banking is being sustained by £165bn in loans and guarantees from the Bank of England -- approaching the £200m of quantitative easing allocated to support the UK economy. This should, says Lloyds, be set against the context of its £1trn balance sheet, but its...

  Tags: U.K., Bank Of England, Cadbury Schweppes Plc., Richard Branson, Limited, John Naughton, Sunday Telegraph Government, Personal Finance, Financial Accounting, Taxes, Free Trade, Finance, Financial Planning, Joanna Higgins