U.S. confectionery group Hershey on Friday ruled itself out of making a rival bid for Cadbury Plc after the British confectioner agreed a takeover by Kraft Foods earlier this week.
Cadbury's big UK investors expect Kraft's $19.3 billion acquisition of the British confectioner will go ahead despite Kraft's top shareholder Warren Buffett saying the takeover is a bad deal.
Warren Buffett said Kraft Foods Inc's proposed $19.6 billion acquisition of Cadbury Plc is a bad deal and questioned how Chief Executive Irene Rosenfeld chose to pay for it.
Billionaire investor Warren Buffett on Wednesday came out against Kraft Foods Inc proposed $19.6 billion acquisition of Cadbury Plc .
Kraft Foods Inc and Cadbury saw their credit ratings slashed to the lowest investment grade on Wednesday after Kraft won the backing from Cadbury's board for its $19.6 billion takeover bid.
Kraft Foods sealed a friendly deal to buy British candy maker Cadbury for about $19.6 billion (11.9 billion pounds) after frantic last-minute talks broke an impasse over price.
A storied UK confectioner could be getting new owners soon if shareholders agree to a deal recommended by its board of directors today.
Kraft Foods agrees a deal to buy Cadbury on Tuesday for around 11.9 billion pounds ($19.55 billion) by increasing its overall bid and offering more cash in an offer that was recommended by Cadbury's board.
U.S. stock index futures slipped on Tuesday as Kraft Foods Inc reached a deal to acquire Cadbury and earnings season picked up steam.
U.S. stock index futures slipped on Tuesday as Kraft Foods Inc reached a deal to acquire Cadbury and earnings season picked up steam.
Kraft Foods was close to announcing a recommended deal to buy Cadbury for around 11.7 billion pounds ($19.2 billion) after it offered more cash in late-night talks to break a four-month impasse over price.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are close to sealing a friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.
U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are holding talks about a potential friendly deal to create the world's largest confectionery group, sources familiar with the matter said on Monday.
Cadbury shares edged upwards on Monday in anticipation of a higher bid from Kraft Foods, while one major shareholder, Standard Life, said Kraft needed to bid over 900 pence to get its support.
Cadbury shares edged upwards on Monday in anticipation of a higher bid from Kraft Foods, while one major shareholder, Standard Life, said Kraft needed to bid over 900 pence to get its support.