LONDON (Reuters) - Cadbury Plc CBRY shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc KFT and rivals who are considering making takeover offers, analysts said on Monday.Cadbury shares rose over 2 percent to a high of 817 pence before...
(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.Kraft Foods Inc KFT may raise its offer for British chocolatier Cadbury Plc CBRY or offer more cash in...
PHILADELPHIA/ZURICH (Reuters) - Kraft Foods Inc KFT may raise its offer for Cadbury Plc CBRY or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.Kraft made a $16.8 billion hostile offer to acquire U.K. confectioner Cadbury, but rivals such...
PHILADELPHIA (Reuters) - Kraft Foods KFT may raise its offer for Cadbury Plc CBRY or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday."The Kraft team is figuring out the next move," the source said.Kraft made a $16.8 billion...
ZURICH (Reuters) - Swiss food giant Nestle NESN may consider a bid for Britain's Cadbury CBRY to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.Nestle was still weighing its options and could decide against a bid, Bloomberg said,...
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U.S. stock futures and a broad swathe of commodities move higher on Monday, as comments from a Federal Reserve member who will vote next year causes investors to exit the greenback to reinvest elsewhere.
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Hershey Co. (HSY) and Italian-based confectioner Ferrero SpA are considering a possible bid for U.K. candy giant Cadbury PLC (CBRY), raising the potential for a costly bidding war. But should a battle take place, U.S. food giant Kraft Foods Inc. (KFT) is still the odds-on favorite.
Hershey, the maker of Reese’s Peanut Butter Cups, said ...
Hershey Co. (NYSE: HSY) and Italian-based confectioner Ferrero SpA are considering a possible bid for U.K. candy giant Cadbury PLC (NYSE ADR: CBRY), raising the potential for a costly bidding war. But should a battle take place, U.S. food giant Kraft Foods Inc. (NYSE: KFT) is still the odds-on favorite.[More...]
By Don Miller
Associate Editor
Money Morning
Hershey Co. (NYSE: HSY) and Italian-based confectioner Ferrero SpA are considering a possible bid for U.K. candy giant Cadbury PLC (NYSE ADR: CBRY), raising the potential for a costly bidding war. But should a battle take place, U.S. food giant Kraft Foods Inc. (NYSE: KFT) is still [...]
Analysts are mostly skeptical about the likelihood of Hershey (HSY) and Ferrero mounting a successful joint bid for Cadbury (CBRY) to thwart Kraft’s (KFT) pending bid for the company. However, the threat of a rival bid may be enough to coax a slightly sweeter offer from Kraft.
Both Bloomberg and Reuters offer good summaries of analyst [...]
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