Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but Kraft Foods Inc is still seen as the front-runner with its $16.8 billion hostile offer.
Thanks to Ferrero and Hershey, Cadbury may finally have a bargaining position.
Cadbury Plc on Wednesday said it will give proper attention to any offer that gives a full value for the company, but until that happens it has nothing to comment upon further.
Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but hostile bidder Kraft Foods Inc is still seen as the front-runner with its $16.8 billion offer.
Italy's Ferrero and U.S.-based Hershey are reviewing options over a possible bid for Cadbury , but hostile bidder Kraft's $16.8-billion offer is still seen as the front runner.
Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc
U.S. chocolate maker Hershey Co has held talks for several weeks with Italy's Ferrero Spa over a potential bid for Cadbury Plc that would rival a hostile offer from Kraft Foods Inc , The Wall Street Journal reported on Tuesday.
Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense.
Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.
Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.
Hedge fund billionaire John Paulson raised his firm's stake in Cadbury on Wednesday and now holds 2.54 percent of the British confectioner, the subject of a hostile bid by U.S. food group Kraft.
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The European Commission has set a one-month deadline to review Kraft Foods Inc's $16 billion hostile bid for British chocolate maker Cadbury after the U.S. food group notified EU regulators.
Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion 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 to three months.
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A top shareholder in Cadbury said investors in the British confectionery firm would find it hard to turn down an offer of more than 8 pounds a share from U.S. suitor Kraft.
Kraft Foods chief executive Irene Rosenfeld is playing hardball with her $16.4 billion hostile offer for Cadbury, triggering a bid battle that could stretch for up to three months.
Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.
Kraft Foods Inc's offer for Cadbury Plc is unlikely to stay at its current level as the company brings its takeover campaign directly to the British confectioner's shareholders, a source familiar with the situation said on Monday.
In her biggest gambit yet for Kraft Foods Irene Rosenfeld just won't blink.
Kraft Foods turned hostile in its bid for Cadbury on Monday, making a formal but unchanged takeover offer which now triggers a bid battle for the British confectioner which could last up to three months.
Cadbury's shares edged up by early afternoon on Monday as the clock ticked toward a 1700 GMT deadline for Kraft Foods to either make a formal takeover bid for the British confectionery group or walk away.