Is Ferrero out of the Cadbury picture?
Italian confectionery giant Ferrero is said to have ruled out a potential offer for UK competitor Cadbury. There were hopes that the company would team up with US outfit Hershey and present a "white knight" offer to the Cadbury board to head off the onslaught from Kraft Foods. While the rumours regarding Ferrero dropping out of the bidding have yet to be officially confirmed, those close to the company have indicated that this is the current stance.
Even though Hershey seems very determined to get involved with Cadbury in some shape or form, many believe that the company is not strong enough in its own right to muster the finance required to table a bid. Whether a new potential partner emerges from the shadows remains to be seen but the cautious yet optimistic approach from Kraft Foods appears to be playing out perfectly at this point in time.
The company currently has a £10.5 billion offer on the table which is significantly below the Cadbury share price and unlikely to be successful. However, analysts believe that a bid in the region of £8 to £8.50 would stand an excellent chance of being successful and we await further developments in due course.
Share this..
Related stories
UK inflation rate drops to 0%
14/07/2015 The UK inflation rate dropped to 0% in June, down from 0.1% in May, due to a fall in clothing and food prices, as well as a slight reduction in air travel. The 0% Consumer Price Index (CPI) figure sees the UK hover just above falling into deflation, as prices remain unchanged from the same month last year, according to the Office of National Statistics (ONS). The drop in food, clo...
Read MoreAre we on the verge of a global recession?
As we stumble along the road to financial meltdown in stock markets around the world many are suggesting that we are on the verge of a worldwide recession. Is this true and if so what does it mean for the person in the street?
It would be foolhardy to suggest that we are not in trouble, that worldwide stock markets are not reeling from the after affects of the credit crunch, but ar...
Lehman Brothers bids farewell
After a week in which markets have bounced on the back of the US mortgage bailout, today was the day when it all came crashing back down to earth with news that Lehman Brothers has filed for bankruptcy and the UK division is in administration. Quite how a bank with over 150 years of history, tradition and experience in investment markets could collapse at such break neck speed has left many mysti...
Read MoreOpening hours this Christmas at Financialadvice.co.uk
15/12/2014 Over the next couple of weeks our opening hours are set to change. If for any reason you still need to get in touch with us over the Christmas break, you can still ask us a question online, call us and leave a message or send us an email; one of our fully qualified financial advisers will get in touch when our offices re-open. Our Christmas opening hours are as follows: 1st- 2...
Read MoreLloyd's Of London announces 50% reduction in profits
Lloyd's Of London, the central insurance market of the world, has today announced profits of £1.9 billion in 2008 against £3.9 billion just 12 months earlier. A number of factors have to be taken into account including reduced investment returns, a number of significant major catastrophes as well as currency movements. All in all, when considering the very difficult scenario around the world thi...
Read More