Nestlé looks at possible Cadbury bid
Late today it emerged that Swiss food giant Nestlé is "considering its options" with regards to Cadbury and the bid saga which has now taken in Kraft Foods, Hershey and Ferrero. As we covered in one of our earlier post, Hershey is believed to be on the verge of announcing a £10.3 billion offer although even though the Cadbury board has already indicated this is too low. While unofficially it is believed that Cadbury would prefer a merger with Hershey, as opposed to a full-blown takeover by Kraft Foods, this may well be taken out of the hands of the Cadbury directors in due course.
The fact that Nestlé is looking at its options with regards to Cadbury may well alert other third parties who could benefit from acquiring a company of the stature of Cadbury. The plot has certainly thickened over the last 48 hours and each and every party which shows an interest in Cadbury is another nail in the coffin of the independence of group.
While in no way is the future of Cadbury anywhere near being decided this weekend, it looks as though the company's days of independence may well be numbered with potentially four bidders circling the group.
Share this..
Related stories
Bank warns of housing crash
06/05/2014 The Bank of England has warned house prices in the UK could soon crash as prices continue to increase. The warning has come amid reports that the UK’s most expensive flat ever has been sold for £140m. Sir Jon Cunliffe, a Deputy Governor at the Bank of England warned that a momentum of rising house prices could be met with a “sharp correction”. He said that one of the ca...
Read MoreWellcome Trust Takes An Interest In Marks And Spencer
Amid rumours of a possible takeover bid and merger approach it has been confirmed that the mystery buyer of 39 million Marks and Spencer shares is actually the Wellcome Trust - the largest charity in the UK which regularly pumps millions of pounds into biomedical research. So why has the charity taken an interest in Marks and Spencer?
The investment in Marks and Spencer is nothing...
HSBC to pay £218m compensation to loan customers
05/08/2014 HSBC are to repay £218m of interest charges to some of their UK loan customers who received insufficient paperwork. Under the Consumer Credit Act, lenders are required to use a customers annual statement to provide information about the option of making overpayments on a loan. However, the bank has admitted that they only provided the information when customers first took out...
Read MoreUK stock market takes lead from upbeat economic data
In the first trading day of the New Year, the UK stock market ended up an impressive 1.62% with investors taking note of economic data regarding growth in the manufacturing sector. Even though there had been hopes of a recovery in UK economy in the early part of 2010, the better-than-expected manufacturing figures caught many analysts and investors on the hop. So what next for the UK stock market?...
Read MoreThe Queen Of The Property Market
She may be seen as just the head of state in the eyes of many of the UK population, but the Queen has a great head for figures, perfectly demonstrated by the £211 million record profits produced from her property portfolio. Even in times of trouble it seems as though the Queen can do no wrong, although the income from her portfolio does filter back to the UK government under ancient rules.
...