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It seems Cadbury plc (NYSE:CBY) chief executive Todd Stitzer is warming up to the idea of a merger with Kraft Foods Inc. (NYSE:KFT). After recently admitting there was some strategic sense to a deal, Stitzer may have named his price at £12.2 billion ($19.9 billion). Bank of America Merrill Lynch...
Posted on September 23, 2009 9:34 AM
Hershey Co. made a sweet profit this quarter by posting higher-than-expected results amid more competition from the combined Wm. Wrigley Jr. Co. and Mars Inc., a recession and a rise in cocoa costs.The Pennsylvania-based candy company, which is responsible for some tempting chocolate treats including Reese's Pieces, made a net...
Posted on January 27, 2009 11:30 AM
On Monday Missouri's two U.S. senators weighed in on one international business trend, and on Tuesday they opined on another. Republican Kit Bond and Democrat Claire McCaskill agreed with each other both times, so there was bipartisan agreement -- on both sides of the tough issues raised by the globalization...
Posted on June 18, 2008 12:22 PM
Nestle SA chairman Peter Brabeck says he doesn't expect to make any acquisitions larger than $200 million to $300 million in the near term, according to Dow Jones Newswires. That dampens speculation (some of it in this space) that the $39 billion the company will get by selling Alcon, its...
Posted on June 16, 2008 4:30 PM
In March 2007, Cadbury Schweppes plc said it would spin off its North American beverages business, two days after activist investor Nelson Peltz bought up almost 3% of the confectioner. On Friday, shareholders approved the separation of the confectionery and Americas Beverages businesses for May. Analysts are saying that...
Posted on April 14, 2008 3:43 PM
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Juergen Lasowski
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