Kraft Foods encouraged to increase Cadbury offer
Despite the fact that the Cadbury board has refused to even contemplate a bid from Kraft Foods, currently pitched around £7.50 a share, it seems as though investors in the UK chocolate giant are more than happy to talk numbers. At a time when the Cadbury's directors are looking towards the takeover panel to issue a "put up or shut up" notice to Kraft Foods, institutional investors have made it known that they would be willing to accept £8.50 a share. So what will happen next?
While the move by the Cadbury directors was to be expected, with the uncertainty and confusion helping nobody, the fact that institutional shareholders are making their thoughts known already could make it difficult for Cadbury to stay independent. However, whether or not we see a potential £11 billion offer there is no doubt that this saga still has some way to go and even at this stage we could see the introduction of a "white knight".
Many people believed that the Cadbury takeover bid would be the beginning of a number of similar acquisitions although as yet we have yet to see any rumours ring true regarding potential multibillion pound bids.
Share this..
Related stories
Rate tarts must be careful not to risk their credit rating
So-called 'rate tarts' who constantly switch and take out new credit cards to make the most of introductory offers could be damaging their credit rating, according to credit referencing agency, Experian.James Jones, consumer affairs manager for Experian, warned that each time someone applies for a new credit card, their credit report is checked by the potential lender, and each check is then recor...
Read MoreRoyal Bank of Scotland announces no change in mortgage rates
The Royal Bank of Scotland, which is effectively controlled by the UK government, has today confirmed there will be no change in its variable mortgage rate. The company, seemingly going against UK government policy, has suggested that it has both an obligation to mortgage holders and savers in the UK and a reduction in the variable mortgage rate would lead to a reduction in savings rates. But does...
Read MoreIs Alistair Darling considering a VAT cut for home improvements?
The Scottish Building Federation is today at the centre of an intriguing scheme which could see VAT on home improvements cut to around 5%. Alistair Darling has been hit with a number of potential schemes in the run-up to the next budget on 22 April, with the Scottish Building Federation believing a reduction in VAT on home improvements would lead to a further £80 million a year boost to the secto...
Read MoreWho will win the battle of the MPC?
As the Bank of England MPC readies itself for today's monthly meeting it seems we could have something of a battle royal on our hands with one MPC member looking for UK base rates to be increased and another looking for quantitative easing to be reintroduced. In between these two very extreme views we have a number of other MPC members who have yet to fall into either camp. It will be interesti...
Read MoreEconomic Crisis? Lets Go On Holiday!
News that some of the main holiday companies in the UK are still reporting strong demand for overseas breaks has surprised many. However, it seems that as the going gets tough in the UK, more and more people are looking forward to a break away from it all, a time to enjoy the peace and quiet and relieve the financial pressures back home - at least for a short while.
Even though the...