Is Kraft Foods set to increase Cadbury bid?
Irene Rosenfeld, the chairwoman and chief executive of Kraft Foods, is rumoured to be on the verge of sanctioning an increase in the company's offer for the UK chocolate giant Cadbury. Speculation in the market is rife that Kraft Foods is set to increase its offer to around eight pounds a share with Cadbury directors adamant they will not recommend an offer less than this figure. However, the situation could change on a daily basis with other bidders rumoured to be waiting on the sidelines ahead of an increased offer by Kraft Foods.
While over the last few days this particular saga has gone fairly quiet the New Year will see a rush of announcements and speculation regarding the future of Cadbury. While Kraft Foods would appear willing to "sweeten" its offer for Cadbury the company has also confirmed it will not put its credit risk rating by taking on too much debt. How far the company is willing to go to grab control of Cadbury remains to be seen but this is a battle which is set to roll on for some time to come.
When the markets open again on 5 January it will be interesting to see if there are any immediate announcements and how the Cadbury share price responds to speculation in the press.
Share this..
Related stories
Is Santander the only bidder for Royal Bank of Scotland branches?
After much interest was expressed regarding the possible purchase of 318 Royal Bank of Scotland branches, which the company has been forced to put up for sale by the European Union, it looks as though we are finally down to the last serious bidder. It is believed that Spanish financial giant Santander is the only remaining bidder and is set to table an offer of between £1.7 billion and £1.8 bill...
Read MoreIs the HSBC $5 billion fund enough?
The new five billion-dollar fund which HSBC has put aside for the small-business sector has been applauded by many in the UK and around the world but there are concerns that it is too little too late. While Small businesses in the UK are suffering, this situation is being replicated around the world where small businesses are being squeezed through lack of liquidity and weakened balance sheets. So...
Read MoreIs this the end for Lehman Brothers?
News that one of the main icons of the US investment industry is again in serious trouble has seen the shares of Lehman Brothers Holdings fall by over 40%. Despite reports last month that the group was in talks about a vital capital injection it seems that those talks, which were with the Korea Development Bank, have broken down with no agreement.
If this is the case - although as...
Cadbury melts into the arms of Kraft Foods
Cadbury and Kraft Foods today issued a joint statement confirming they were "finalising the terms of a recommended offer" which is believed to be the region of £8.50 a share. The recommended offer is expected to be announced today ending 150 years of independence for the UK chocolate giant. But is this the end of the game? Despite rumours that US outfit Hershey is waiting on the sidelines with...
Read MoreMarc Bolland to leave Morrison's early
Marc Bolland, the chief executive of Morrison's, has been relieved of his duties at Morrison's having been forced to step down ahead of his move to UK retail giant Marks & Spencer. Despite the fact that he has been relieved of his duties with immediate effect he has yet to agree a release date from Morrison's. However, the fact he is paid £1.7 million a year will certainly be in the minds of Morr...
Read More