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US food giant Kraft has fired the starting gun on a 60-day takeover battle for Dairy Milk maker Cadbury. Kraft's hostile bid campaign was officially launched when the group posted details of its £10 billion cash and shares offer, ahead of a deadline on...
Tags: Kraft Foods Inc., Kraft Gives Formal Notice, Cadbury PLC, Cadbury Plc, cadbury bids, cadbury share, food giant, offering document, kraft share, cadbury shareholder, United Kingdom, London, Business Finance, Cadbury, Kraft Foods, Chocolatiers, British brands, Takeover, Cadbury Dairy Milk, Chocolate, Irene Rosenfeld, Northfield Illinois, Dairylea, Mergers and acquisitions, Dentyne, Kraft paper, Reuters, Corporate finance, Dividend, Kenco, Nabisco
Cadbury could be worth 850p a share, some analysts have suggested, while Kraft's offer is worth 717p Cadbury today rejected a hostile takeover bid from Kraft as "derisory" and not "remotely close" to its true value after the world's second largest food...
Tags: Kraft Launches Hostile, Top Cadbury, food giant, months ago
Nestlé scraps trading agreement with Grace Mugabe farm Multinational food giant stops buying milk from farm owned by wife of Zimbabwean president Robert Mugabe (left) and his wife, Grace. Photograph: Associated Press The multinational food giant Nestlé...
Tags: Zimbabwean, Zimbabwe Stymied, Robert Mugabe, Grace Mugabe, South Africa, food giant, president robert, Nestlé, Mrs Mugabe, Zimbabwe, Harare
If it does not make an offer, then Kraft will be blocked from making a bid for Cadbury for six months. Earlier this month, Cadbury rejected a 745p-a-share takeover approach from Kraft, which valued the UK confectioner at £10.2bn ($16.3bn). Cadbury said...
Tags: Takeover Panel Kraft Foods, Kraft Food Inc, Cadbury Plc, Britain, food giant, Hershey, walk away, firm offer, United Kingdom, London
Fast food giant McDonald's has forced a Toronto start-up restaurant to change its name from McFalafel in a trademark dispute. Restaurant owner Abdal Salam told the Toronto Star he's been hounded by the U.S. fast-food chain's lawyers since opening his...
Tags: McCurry, Malaysian, fast food, food giant, highest court, giant mcdonalds, McDonalds
More India business stories Get the latest Sensex update Nestle said it "expects volume-driven organic growth to accelerate in the second half" compared to a previous target for 2009 organic sales growth "at least approaching 5 per cent"...It said in...
Tags: Nestle Continues, net profitable, food giant, billion francs
The Northfield, Ill.-based food giant was dealt a blow near the end of last year, when Wal-Mart Stores and other food retailers cut back on new orders. This affected items such as Crystal Light drinks, salad dressings and condiment sauces. Other brands...
Tags: Kraft Foods Inc., quarter profits, Oreo, oreo cookies, profits rose, profits rises, food giant, 1q profits, quarter earnings
US food giant HJ Heinz Company has launched a 288 mn dollar (215 mn US) takeover bid for food and beverage firm Golden Circle, the Australian company said Monday. Heinz's Australian arm has made an offer for all shares on issue at 1.65 dollars in cash,...
Tags: Heinz Australia, Golden Circle Ltd., HJ Heinz Company, Heinz Co., Australian, takeover bids, food giant, juice makers, fruit juice
Ky. (AP) Fast-food company Yum Brands Inc. reported a 31 percent jump in first-quarter profit on Tuesday because of robust growth in its China and international divisions. AP) Yahoo Inc. delivered first-quarter results that surpassed analysts' modest...
Tags: 50 cent, kfc, China, KFC Japan, Taco Bell, quarter profits, Yum Brands Inc., U.S, Pizza Hut, food giant
Italy : The main trial over the collapse of the Italian food giant Parmalat, one of Europe's biggest financial scandals, began Friday with 56 defendants facing a variety of charges in a case that could last years. Best known for its long-life milk
Tags: Parmalat, food giant, giant parmalat, Europe, parmalat trial, Italian, biggest financial, financial scandal, Calisto Tanzi, parmalat opened