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Kraft's Cadbury bid

Kraft's bid to acquire the British confectioner Cadbury has led to a rash of speculation about the possible repercussions of such a deal being finalized - or not - among analysts, columnists, other food manufacturers, and the general public. FoodNavigator-USA.com has been following all the major developments.

Kraft Q1 revenues soar by 26 percent after Cadbury acquisition

US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.

Kraft’s largest shareholder votes against Cadbury bid

Kraft’s largest shareholder Berkshire Hathaway, run by billionaire investor Warren Buffett, has voted against the issuance of up to 370m shares to acquire Cadbury, it said on Tuesday.

Kraft sells pizza business to Nestlé to fund Cadbury offer

Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.

Kraft questions Cadbury’s long-term targets

Kraft has dismissed the raised long-term growth targets published by Cadbury on Monday, saying the UK confectioner’s prospects are subject to significant risk and uncertainty.

Cadbury’s union moves to block Kraft takeover

British and Irish workers at Cadbury have announced a campaign to resist Kraft’s hostile ₤9.8bn ($16.3bn) takeover bid by appealing to shareholders and politicians to block the deal.

Kraft’s Cadbury bid review deadline delayed

European regulators have pushed back the deadline for their review of Kraft’s $16.1bn bid for Cadbury after the American company offered concessions, they said on Wednesday.

Cadbury set to issue formal response to Kraft

Confectionery giant Cadbury said today that it would post a formal response to Kraft’s takeover offer of $16.3bn (£9.8bn) on 14 December.

Kraft still most likely to win Cadbury deal, says analyst

Kraft has mismanaged its Cadbury takeover attempt but is still the favorite to get the deal done, according to Andrew Wood, senior research analyst at Sanford Bernstein.

Kraft’s Cadbury bid could foretell M&A boom

Kraft’s pursuit of Cadbury could mark the start of a surge in M&A activity for the sector as consumers’ focus on value supports a stable outlook for food manufacturers during 2010, Fitch Ratings has predicted.

Hershey confirms interest in Cadbury

Hershey has confirmed that it is “reviewing its options” regarding a possible joint bid with Ferrero for British confectioner Cadbury, following media speculation about talks yesterday.

EU competition watchdog to rule on Kraft bid next month

The European Commission has set a one-month deadline to rule on the possible hostile takeover of Cadbury by US food giant Kraft, the EU competition regulator said on Wednesday.

Kraft’s bid is ‘contemptuous’, says analyst

Even if Kraft intends to increase its bid for Cadbury, its latest offer has probably managed to upset both the board and shareholders, says Andrew Wood, senior research analyst at Sanford C. Bernstein.

Kraft launches hostile takeover bid for Cadbury

Kraft has formally made a £9.8bn ($16.3bn) hostile takeover bid for British confectioner Cadbury, just hours before the 5pm GMT deadline imposed by the UK Takeover Panel.

Investors put price on Cadbury, Kraft deal - report

One of the leading investors in Cadbury has revealed he would consider a bid from Kraft if it were in the region of 820p per share, according to recent media reports.

Pressure on Kraft as Cadbury upbeat on results

Cadbury’s upwardly revised revenue forecasts are a strong defence to the bid from Kraft, claim industry analysts.

Kraft sale could help with Cadbury bid - report

Kraft may look to sell its brand Maxwell House to generate a higher offer to Cadbury, the world's second largest confectionery group, claim media reports.

Kraft given November deadline for Cadbury bid

The UK’s Takeover Panel has announced a deadline of November 9 for Kraft to make a bid for Cadbury or to say that it does not intend to make an offer.

Cadbury boss makes veiled attack on Kraft’s brand of capitalism

Cadbury CEO Todd Stitzer told a fair trade conference in London on Thursday that taking away its “principled capitalism” would destroy Cadbury’s appeal, according to the UK’s Guardian newspaper.

Cadbury tells Kraft to bid or back off

Cadbury has approached the UK’s Takeover Panel, asking it to impose a deadline for Kraft to make an offer.

Cadbury confident despite Kraft bid

Cadbury has given a confident presentation of its stand-alone strategy in the midst of speculation that the company is unlikely to hold onto its independence following Kraft’s failed take-over bid.

Cadbury slams Kraft bid and business model

Cadbury has labelled Kraft “a low growth conglomerate” in a letter restating its rejection of the food giant’s £10.2bn ($16.7bn) takeover bid.

Kraft defiant over Cadbury valuation

Kraft Foods has defended its valuation of the Cadbury business and insisted that it remains the most logical buyer for the UK confectionery manufacturer.