Entries tagged "Hershey"
There are two outspoken shareholders who have yet to say much about Cadbury's rejection of Kraft Foods in a nearly $17 billion bid: Nelson Peltz and Warren Buffett.
The advisers working on a possible deal between Kraft Foods and Cadbury could make a pretty profit if Kraft ups its bid or rivals Nestle or Hershey strike deals.
As rumors of Kraft Foods Inc. interest in adding Cadbury plc to its cupboard of brands heats up, Citigroup Inc. downgraded its rating on the English confectionery. ...
The London Daily Telegraph reported that Hershey Co. is working on selling a 25% stake in itself to Nestle SA, with an option for Nestle to buy the remaining stake within the next two years. ...
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...
