Kraft Foods Inc posted its offer document to Cadbury Plc shareholders on Friday outlining its cash and shares takeover bid.
Kraft Foods posted its offer document to Cadbury Plc shareholders on Friday, triggering a 9.8 billion pound ($16.3 billion) takeover fight for the British chocolate maker.
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Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
Kraft Foods is preparing to post its offer documents for Cadbury as Monday's deadline approaches, but interest from Hershey and Ferrero is unlikely to spook the North American food giant into raising its bid in the short-term.
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Kraft Foods Inc is favorite to take over Cadbury Plc despite interest from Hershey Co and Ferrero, and talk of Nestle SA involvement, said analyst Andrew Wood at Sanford Bernstein.
A union representing workers at British confectioner Cadbury asked hostile bidder Kraft for a promise on employment security on Monday, saying it was increasingly worried about massive job losses.
To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.
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To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.
The Hershey Trust, the charitable trust that is the major shareholder of Hershey Co, has sought the approval of the Pennsylvania attorney general for a potential $17 billion bid for Cadbury Plc, according to the Wall Street Journal.
A Cadbury workers union held constructive talks with U.S. suitor Kraft Foods after the two sides met to discuss jobs, pensions and working conditions on Wednesday, a union official said.
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Italy's Ferrero family is united in its decision to look at options for British confectioner Cadbury, a source close to the family told Reuters, after newspapers reported a potentially deal-breaking division.