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Prior to launching a $16.7 billion bid for Cadbury plc (NYSE:CBY) in early September, one of CEO Irene Rosenfeld's biggest initiatives at Kraft Foods Inc. (NYSE:KFT) has been an ambitious restructuring of the company calls Organizing for Growth, launched in 2007 and now mostly complete.Meanwhile, in 2008 Cadbury CEO Todd...
Posted on September 24, 2009 11:05 AM
Whether Kraft Foods Inc. (NYSE:KFT) will sweeten its bid for Cadbury plc (NYSE:CBY) has been the subject of much speculation. The Deal's George White piled on with this rundown of why Kraft will likely hold firm with its standing $16.8 billion offer.As White notes, Kraft's debt is a limiting factor in its...
Posted on September 10, 2009 4:13 PM
Like other observers, we've commented on how the presence of Cadbury plc (NYSE:CBY) in emerging markets, especially British Commonwealth countries, has helped to make it an attractive target for Kraft Foods Inc. (NYSE:KFT).Thursday's Wall Street Journal has a nice piece on Cadbury in India and other markets. The WSJ notes...
Posted on September 10, 2009 9:58 AM
One big difference between Kraft Foods Inc.'s (NYSE:KFT) bid for Cadbury plc (NYSE:CBY) and Mars Inc.'s purchase of Wm. Wrigley Jr. Co. last year is in the multiple Kraft is proposing to pay: 11.6 times Cadbury's estimated 2009 Ebitda, whereas Wrigley changed hands at a multiple of 17.6, according to...
Posted on September 9, 2009 10:55 AM
A prominent member of the team working on Kraft Foods Inc.'s (NYSE:KFT) pursuit of Cadbury plc is Michael Osanloo, who joined Kraft as EVP for strategy in April of 2008, right after Mars Inc. unveiled its takeover of William Wrigley Jr. Co. As we observed at the time, it was...
Posted on September 8, 2009 10:19 AM
Having previously spun off its U.S. soft drink operations, Cadbury plc (formerly Cadbury Schweppes) now confirms it's ready to put its Australian beverage business on the block. You might think that the credit crunch would make this a tough time to sell the unit, which according to varying estimates could...
Posted on December 16, 2008 4:13 PM
British confectionery giant Cadbury plc is said it is reviewing the future of its Australian beverage business, its only remaining presence in drinks. Cadbury spun off its North American beverage businesses, now known as Dr. Pepper Snapple Inc., in May. The Australian business, which accounts for approximately 32% of Cadbury's...
Posted on July 30, 2008 1:20 PM
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