CADBURY

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Cadbury stresses Kraft bid makes no strategic sense

Cadbury Plc CEO Todd Stitzer said on Friday he did not believe Kraft's offer for the company made strategic sense, as he tried to clarify remarks he made that drew scrutiny from Britain's Takeover Panel.
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Cadbury CEO's comments draw UK scrutiny--FT

Britain's takeover watchdog is reviewing private comments by Cadbury Plc's chief about the company's valuation amid a potential takeover by Kraft Foods Inc, saying Todd Stitzer had stoked uncertainty in the market, the Financial Times reported.
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Cadbury CEO admits some synergies with Kraft-WSJ

The head of chocolate maker Cadbury PLC, which is facing a possible takeover by U.S. food giant Kraft Foods Inc, said there were some complementary elements in the two companies' portfolios, according to a Wall Street Journal report.
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Kraft may need 850-900p to swallow Cadbury

U.S. food giant Kraft could raise its bid 20 percent up to 12.3 billion pounds ($20.1 billion) to seal a takeover deal for Britain's Cadbury without losing a key investment grade rating on its debt.
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Hershey Trust consults Buffett banker on Cadbury-WSJ

The trust that holds voting control of candy maker Hershey Co has hired Warren Buffett's favorite banker to advise it on a possible bid for British chocolatier Cadbury, the Wall Street Journal reported on Thursday.
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Kraft: No need to sell assets for Cadbury bid

Kraft Foods Inc does not need to sell operations like Oscar Mayer hot dogs, Maxwell House coffee or any of its other brands to afford its $16 billion bid for British confectioner Cadbury , Kraft said on Tuesday.
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Kraft may sell assets to raise Cadbury cash: report

U.S. food company Kraft Foods might sell assets like Maxwell House and Oscar Mayer to finance its planned acquisition of British confectioner Cadbury , the New York Post reported, citing sources familiar with the matter.
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Kraft CEO plans further deal talk with Cadbury

Kraft Foods, North America's biggest food group, plans to hold talks in coming weeks with British bid target Cadbury that may lead to a new bid offer for the global No.2 candy and chocolate maker.
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Cadbury steps up defense, Q3 seen brought forward

British bid target Cadbury is set to beef up its defense against Kraft this week as CEO Todd Stitzer addresses investors and it ponders an early third-quarter update, analysts and fund managers said.
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Cadbury chairman Carr says Kraft bid unappetising

Cadbury turned up the heat in its defence against a takeover from Kraft as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.
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Cadbury chairman Carr says Kraft bid unappetizing

Cadbury turned up the heat in its defense against a takeover from Kraft as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.
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Cadbury chairman Carr says Kraft bid unappealing

Cadbury turned up the heat in its defense against a takeover bid from Kraft on Saturday as its Chairman Roger Carr said it was an unappealing prospect being absorbed into Kraft's low growth conglomerate business model.
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Cadbury, Kraft set for long haggle over price

With Cadbury lacking a white knight bidder to come to its rescue in the face of Kraft's $16.1 billion bid, the two companies are set to face off on one question: How much is Cadbury really worth?
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Kraft's bid for Cadbury soured by weak dollar

U.S. food giant Kraft will face a tough task in pitching a winning bid for Cadbury as the dollar's dip cuts the value of its initial offer and is set for further weakness, analysts said on Friday.
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Kraft looks to slash supplier base

Kraft Foods Inc plans to cut its supplier base in half, a move that would affect more than 30,000 companies, as the largest North American food maker looks to save more than $300 million a year.
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Kraft seeks $8 billion financing for Cadbury bid: report

Kraft Foods Inc, which went public on Monday with a $16.7 billion offer for Cadbury PLC that the British candy maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.

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