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Kraft Foods Inc is favorite to take over Cadbury Plc despite interest from Hershey Co and Ferrero, and talk of Nestle SA involvement, said analyst Andrew Wood at Sanford Bernstein.
A union representing workers at British confectioner Cadbury asked hostile bidder Kraft for a promise on employment security on Monday, saying it was increasingly worried about massive job losses.
To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.
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To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.
The Hershey Trust, the charitable trust that is the major shareholder of Hershey Co, has sought the approval of the Pennsylvania attorney general for a potential $17 billion bid for Cadbury Plc, according to the Wall Street Journal.
A Cadbury workers union held constructive talks with U.S. suitor Kraft Foods after the two sides met to discuss jobs, pensions and working conditions on Wednesday, a union official said.
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Italy's Ferrero family is united in its decision to look at options for British confectioner Cadbury, a source close to the family told Reuters, after newspapers reported a potentially deal-breaking division.
Speculation about a bid battle for Cadbury among Kraft Foods and other rivals lifted shares in the British confectioner to a new high on Monday but analysts doubt whether a competing bid will emerge.
Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.
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Kraft Foods Inc may raise its offer for British chocolatier Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
Kraft Foods may raise its offer for Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph newspaper.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.