Entries tagged "David Palmer"
When UBS Investment Research analyst David Palmer speculated that Kraft Foods might bid for Cadbury in April 2008, he also speculated that Kraft could divest some brands.
The $23 billion Mars Inc.-Wm. Wrigley Jr. Co. deal has kicked off consolidation in the confectionery space, leaving Cadbury Schweppes plc under pressure and exposed as a target. With Cadbury set to split its U.S. drinks business from its confectioner operations in early May, the timing could be right for a strategic to make a move. There are two potential suitors that may want to gobble up Cadbury: Hershey Co. and Kraft Foods Inc. David Palmer, an analyst at UBS Investment Research, who released a report Tuesday on the Mars-Wrigley implications, offered The Deal some insight, including the possibility of Kraft...
