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Hershey could jump-start its growth by making a run for Cadbury, although it would probably be costly. Kraft's current bid, although a 31% premium over Cadbury's closing price on Sept. 4th, the last trading day before the bid was announced, values Cadbury at about 11 times 2009 EBITDA, estimates Growe. This is far below the 19 multiple that Mars paid when it snapped up Wrigley in a $23 billion deal last year. And Cadbury's growth potential, as outlined by the company's CEO Todd Stitzer last year, is bigger than Wrigley's was at the time...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

Hershey could also form a partnership with Cadbury, although this would require Hershey's Trust to relinquish control of the company - which Growe thinks is unlikely...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

...Saudi Arabia cut its production last year in order to prop up world oil prices and is easily the bigger potential oil producer. But oil analysts say that by ignoring OPEC's calls for production cuts, Russia has shown OPEC how little power it wields over non-OPEC producers. Although Russian officials told an OPEC summit last December that they too would cut production, the country "has repeatedly failed to do so, and the Russian government has done absolutely nothing to exert its influence" on oil companies, says Julian Lee, senior analyst at the Center for Global Energy Studies...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

Jain also worked with children living in the slums to teach them English. Although many of the students took English classes in free, government-run schools, Jain said that many could not even say, “Hello, my name is?...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Testing for Tuberculosis in The Slums of New Dehli | 9/11/2009 | See Source »

...Connor accepted the challenge. On April 14, 1975, he bought a ticket to the Museum of Fine Arts in Boston and walked in as a visitor. He was armed, disguised as a chaffeur and accompanied by one friend—although six more were in on the plan. With a getaway car waiting, Connor snatched a million-dollar Rembrandt portrait off the walls and ran out of the building. Having eluded capture, Connor then negotiated the return of the portrait for a lightening of a previous sentence...

Author: By Antonia M.R. Peacocke, CRIMSON STAFF WRITER | Title: The Harvard Job | 9/11/2009 | See Source »

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