Italian chocolate giant Ferrero said it is still examining its options on a possible bid for Britain's Cadbury PLC , daily La Stampa reported on Sunday.
Kraft Foods Inc (KFT.N) will convene a meeting on February 1 to urge shareholders to approve a proposal to issue shares and bankroll its hostile bid for Britain's Cadbury Plc (CBRY.L).
(Deletes incorrect references in paragraphs 1 and 4 to Barclays winning a larger role as a Kraft adviser, as Kraft has denied that has happened)
Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has suspended coverage of Cadbury because of its role.
Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has won a bigger role as one of Kraft's financial advisers.
British confectioner Cadbury said on Wednesday it had insured 500 million pounds ($813 million) of pension liabilities in a deal allowing it to keep control of the scheme's assets.
Rather than talk about sweetening its 789 pence-per-share offer for Cadbury — say, to the 820-850 pence level analysts think is needed — Kraft is urging shareholders to take a long hard look at Cadbury's revenue growth targets
Kraft Foods Inc said new growth targets from Cadbury Plc were not enough to prompt it to raise its takeover offer, while workers for the British chocolatier said they would fight the 10 billion pound ($16.2 billion) hostile bid.
British and Irish Cadbury workers kicked off a campaign to fight a hostile bid from Kraft Foods on Tuesday vowing to pressure the UK government to do what it can to resist the bid.
Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury , suggesting the U.S. group will resist raising the level of its hostile approach.
Kraft Foods said it would maintain a disciplined approach in its pursuit of British chocolatier Cadbury and believes the combination would provide meaningful revenue synergies and cost savings.
UK chocolatier Cadbury teased shareholders with the prospect of rival bids and promised bigger dividends and stronger growth as it again knocked back a hostile 10 billion pound ($16.2 billion) offer from Kraft Foods .
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Britain's Cadbury said it has received interest from other bidders after raising its growth targets and reporting upbeat trading, as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .
Britain's Cadbury Plc said it has received interest from other bidders after raising its growth targets and reporting upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .
Britain's Cadbury Plc raised its long-term growth targets and reported upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods , kicking off a seven-week fight for its independence.
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Cadbury and U.S. rival Hershey have held talks over a possible friendly bid by the American firm, the Sunday Telegraph reported, citing market sources.
Cadbury Plc (CBRY.L) will argue for its independence on Monday with a defense document set to highlight its upbeat trading and show that its valuation is way above that of Kraft Food's (KFT.N) bid, analysts said on Friday.
Cadbury Plc will argue for its independence on Monday with a defence document set to highlight its upbeat trading and show that its valuation is way above that of Kraft Food's bid, analysts said on Friday.
British and Irish workers at Cadbury Plc will launch a major campaign on Tuesday to fend off a hostile bid from Kraft Foods Inc and so avoid job losses and pay cuts at the confectionery maker.
British confectioner Cadbury said on Monday it would post a formal response to Kraft's $16 billion takeover offer on Dec. 14.