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On September 7, 2009, Kraft made a £10.2 billion takeover offer for the long-established British confectionery group Cadbury, makers of Dairy Milk and Bournville chocolate. [51] On November 9, 2009, Kraft's £9.8bn takeover bid was rejected by Cadbury. Cadbury stated that the takeover bid was a "derisory" offer. [52]
On September 7, 2009, Kraft made a hostile £10.2 billion takeover bid for the British confectionery group Cadbury, makers of Dairy Milk and Bournville chocolate. [14] On November 9, the company's bid (then £9.8 billion) was rejected by Cadbury, which called it a "derisory" offer. [15] Kraft upped its offer on December 4. [16]
On 7 September 2009 Kraft Foods made a £10.2 billion (US$16.2 billion) indicative takeover bid for Cadbury. The offer was rejected, with Cadbury stating that it undervalued the company. [37] Kraft launched a formal, hostile bid for Cadbury valuing the firm at £9.8 billion on 9 November 2009. [38]
In the midst of a hostile takeover bid, Kraft (KFT) has set up a series of investor conference calls, which will include its CEO defending its $16.75 billion offer for Cadbury. The fight between ...
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So far, Kraft's (KFT) bid to acquire Cadbury (CBY) hasn't made much progress. The U.K. food company has rejected the American company's offer, Cadbury's large institutional investors are ...
On 7 September 2009, Kraft Foods made a £10.2 billion (US$16.2 billion) indicative takeover bid for Cadbury. The offer was rejected, with Cadbury stating that it undervalued the company. [51] Kraft launched a formal, hostile bid for Cadbury, valuing the firm at £9.8 billion on 9 November 2009. [52]
One way to fight a hostile takeover is to find a "white knight". Cadbury (CBY) is doing just that in clandestine meetings with Hershey (HSY). The meetings are no longer secret now that several ...