cadbury
| 9:10AM 12/14/2009
Citigroup Inc. (C) said Monday it is repaying $20 billion in bailout money of the $45 billion it received from the Treasury Department. Citi doesn't need to pay the remaining $25 billion, as the government has converted it into a 34% stake in the bank. Paying back the TARP money would help Citi at...
| 2:30PM 12/02/2009
File this under "stupid sex ads." While it's true that sex sells -- and has for more than a century -- a rash of recent ads from top marketers has proven there are exceptions to that rule.
Take this TV commercial from Hall's Refresh, a sugar-free candy "with advanced moisture lotion." The ad...
| 12:08PM 11/21/2009
Hershey (HSY) is an odd sort of company. Its governance is not in the hands of its board of directors. A charity called the Hershey Trust, established in 1894, effectively decides how the confectionery company is run and who will run it. Hershey has its own board, but in some ways it is close to a...
| 6:30PM 11/18/2009
Just when you thought Cadbury (CBY) might just gather up its creme eggs and call it quits on buyout talks, two additional suitors have stepped forward to woo the legendary British chocolate company. Hershey (HSY) and Italy's Ferrero have confirmed they are interested in bidding for Cadbury,...
| 9:30AM 11/09/2009
It has been expected for some time now. U.K. business authorities told Kraft (KFT) some weeks ago that it would need to make an official bid for Cadbury (CBY) or make no bid at all. Cadbury has been clever about maneuvering itself into a position to either stay independent or fetch a high price...
| 8:17AM 11/09/2009
British candy maker Cadbury PLC (CBY) rejected a hostile 9.8 billion pound ($16.4 billion) hostile takeover bid from Kraft Foods Inc (KFT).
Cadbury says that Monday's renewed approach from Kraft "does not come remotely close to reflecting the true value of our company."
Kraft has refused to...
| 1:00PM 11/08/2009
Some of the money managers at fund and money management firm Franklin Resources (BEN) must be clairvoyant. They bought Cadbury (CBY) shares before Kraft (KFT) made its buyout offer for the U.K. company. Franklin now owns at least 7.2% of Cadbury's shares.
Speaking at a conference in Vienna,...
| 7:30PM 11/03/2009
Kraft Foods Inc, which posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday, said it would not overpay for British chocolatier Cadbury Plc.
Investors in both companies had hoped strong quarterly results would bolster the value of Kraft's initial $16.7...
| 9:40AM 9/16/2009
The U.S. economy got another vote of confidence of sorts Wednesday after Warren Buffett, among the nation's most admired investors, told CNBC that while the economy hasn't improved much, it also "hasn't gotten any worse." Further, he told the cable news network he doesn't expect a double-dip...
| 9:00AM 9/07/2009
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 the two companies has already gotten ugly.
Kraft made the bid last week but Cadbury turned it down, so...