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.
Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.
J.M. Smucker Co , best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit outlook, sending its shares up 5 percent.
Procter & Gamble Co does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday.
Any bid for UK confectioner Cadbury by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday.
Thanks to Ferrero and Hershey, Cadbury may finally have a bargaining position.
Perry Ellis International Inc said it is all set for a solid holiday season after posting a stronger-than-expected quarterly profit, helped by tighter cost controls.
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.
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.
China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month.
Brazilian meatpacker JBS, the world's largest beef processor, plans to announce the terms of a $2.5 billion private placement of debt in 30 days, the company's chief executive Joesley Batista said on Monday.
Italian oil refiner ERG SpA swung to a third-quarter net loss below forecasts and warned that refining margins in the final quarter remained very weak.
Chinese solar panel maker Yingli Green Energy Holding Co Ltd posted better-than-expected third-quarter profit on strong shipments, sending its shares up 9 percent.
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.
Baytex Energy Trust's quarterly profit dropped 70 percent as weaker commodity prices hurt the Canadian oil explorer.
Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
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.
