Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Cadbury share price increases following Kraft takeover bid

7th September 2009

Cadbury has seen its shares increase significantly following its rejection of a GBP 10.2 billion takeover offer from US confectioners Kraft.

Share prices rose by more than 30 per cent after the takeover attempt by Kraft Foods, the world's second-largest food maker, had been made public.

The US firm has a leading position in markets including China, Russia and India with brands such as Toblerone, Dairylea cheese and Oreo cookies.

Kraft said in a statement to shareholders following the rejection that it was still interested in working towards a recommended transaction and maintaining a dialogue.

Responding to the announcement from its competitor, Cadbury said in a statement that its board believes the proposal 'fundamentally undervalues the group and its prospects'.

Chairman and chief executive of Kraft Irene Rosenfeld explained that the company is keen to build on Cadbury's brand image, admitting that the merger is about improving prospects for growth.

Latest Blog
The Lost City of Z and other Explorers' Tales
23/03/2017

As the film is released of The Lost City of Z, we take a look at other Explorers' Tales.

Sally Emerson Relives Her Life
21/03/2017

Are the novels Fire Child and Heat still shocking? They certainly are, says their author Sally Emerson, six of whose novels are being republished this year.

How Eating Well can lead to Living Better
20/03/2017

Myles Hopper describes how and why the pair became preoccupied with healthy eating.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd