Kraft bid wins over 74% of Cadbury shareholders
Kraft’s takeover of UK chocolate firm Cadbury is now unconditional, as 74 per cent of Cadbury shareholders yesterday accepted the offer of 840p per share plus a 10p dividend.
City leaders to target ‘junk food’ makers
Fast food companies are the new bugbear of London’s mayor, who used the launch of a new event comparing childhood obesity in New York and London to pledge action.
Wild sells shares, plans global reach and IPO
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Purac raises lactic acid prices as raw materials rocket
Lactic acid supplier Purac has announced a price increase of between 0.10 to 0.15 Euros per kilo, as the company seeks to pass of some of the expense from rising raw material costs.
Cheesed off – jingoism takes the spoils in the Cadbury battle
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
IPO considered for Chr Hansen
The private equity owner of Chr Hansen, PAI Partners, is evaluating the possibility of publically listing the company, the Danish ingredients company has confirmed.
Flood moves to Wisdom Natural Brands
Stevia personality Angus Flood has been appointed EVP of strategic development at Wisdom Natural Brands, tasked with developing corporate strategy and building the company’s market share.
Kraft deemed winner of choc wars
Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US analysts Bernstein Research.
Timeline: Cadbury and Kraft do battle
Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of key events in the takeover saga.
Cadbury recommends acceptance of new Kraft takeover bid
Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.
Sugar sweetens new year sales for ABF
Associated British Foods has started its new financial year with a surprisingly good performance from its sugar business, causing analysts to raise their eyebrows and their H1 expectations.
Arla plans marketing and capacity increases
Arla is upping its marketing spend by 30 per cent in 2010, and plans to invest almost a billion DKK in more capacity increases and structural changes.
Callebaut confident in face of flat chocolate market
The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
Commission sets conditions for Kraft buying Cadbury
The difference between British and continental European chocolate preferences means the acquisition of Cadbury by Kraft would not present competition problems, the European Commission has said, as long as Cadbury’s concerns in Poland and Romania were...
Nestle reopens Zimbabwe dairy factory
Nestle has reopened its dairy processing plant in Zimbabwe after receiving written assurance from the local government guaranteeing staff safety.
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.