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Kraft's Bid for Cadbury Turns Hostile
Kraft is being anything but sweet to Cadbury. Kraft Foods chief Irene Rosenfield has reiterated the offer of $16.4 billion for the confectioner, the same offer that Cadbury rejected two months ago. Only now, in a hostile move, Rosenfield is trying to take the deal directly to shareholders. Cadbury has already declined the formal offer. Several analyst brokers predicted that Kraft would come back with a slightly higher offer in a process that will draw out negotiations. Currently, Cadbury is the world's second-largest candy maker, while Kraft clocks in at number five, although their combined powers would nudge Mars-Wrigley out of the top global spot.
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sophia5
Seems quite often when a Food company is bought out,
the products themselves suffer.
Used to LOVE the original "Garden Burger" (from Oregon) . . . until they were apparently bought out and the burgers never tasted the same.
I don't buy them anymore.
Same goes for Mrs. Smith Pies. Used to love them, and apparently
they too were bought out and the production and flavor changed ?
I'm not sure many of these global food companies give a damn
about actual product taste, and perhaps are really more concerned
about the stock value ?
goddess3a
"...and perhaps are really more concerned about the stock value ?"
Of course it's being taken to the shareholders. That's why it's called "hostile." Apparently "no" doesn't mean no to Irene Rosenfield.
jst4horses
Kraft bought Tang. YUCK.
P & G, under their palsie name SMUCKER has bought all kinds of foods, aside from wondering if they have the same bad cleaning chemicals, or bad tampax fibers or whatever that has caused P & G so many law suits in the food to get more dough for less money.......................
they too change the food and it is YUCK.
Kraft, I heard, was bought out by Reynolds because they lost so much on tobacco.
Wow, just what I want a bit of old left over tobacco in my foods and drinks.
And Cadbury.
America needs to put some kind of stop to all this.
Just leave small companies, or even large companies to do their yummy products and not be forced in to buy outs by corporations that ruin the food, or other products, and leave the company in a mess as I heard was what happened to "Crispy Creme". I heard somewhere the corporation kept making changes, the franchisers ended up buying the company back to save their own businesses and then it was under capitalized. What a mess.
Greed.
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