Posts tagged Cadbury Kraft

Kraft Preparing To Take Over Cadbury

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It looks like the deal is going to happen despite Buffet’s vocal disapproval.  Time will tell if there was any validity to Buffet’s concerns.

Kraft poised to make knockout bid for Cadbury

Kraft may increase its takeover offer for Cadbury by more than the market expects, to between 840p and 850p per share, I have learned.

At that level, Cadbury’s board may recommend the bid by the US food giant.

This would bring to an end the intense animosity between the companies that has been manifested since Kraft announced its desire to own Cadbury last autumn.

It would also end any doubt at all that Cadbury will lose its independence.

There would still be a theoretical possibility that the US confectioner Hershey would come in with a higher offer.

But if Cadbury’s board recommends Kraft’s bid, it means that the company will be taken over.

Negotiations between Cadbury’s bankers and Kraft’s bankers are taking place overnight.

If a deal is agreed between Kraft and Cadbury, which seems highly likely, it will probably be announced at 7 tomorrow morning.    –more

Kraft Makes Friends With Cadbury, Buffett Loses

The rumor mill is at work. Kraft (NYSE:KFT) may have entered friendly talks with Cadbury (NYE:CBY) to end the ongoing battle caused by the American company’s hostile takeover offer for the UK firm.

The news, if true, would be good for Cadbury’s shareholders because the premium to close the deal should be well above the current offer and should include more cash.

Bad news for Warren Buffett, who owns a piece of Kraft, but thinks the Cadbury offer is too rich. Hershey (NYSE:HSY), which spent a lot of money on investment banking fees is left holding bag. It just got into the action too late to count.    –more