Word: bidness
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Those with a sweet tooth have long found it hard to resist a second bite of Cadbury chocolate. Kraft, it seems, is no different. The world's second biggest foodmaker unleashed a hostile bid for the British confectioner on Monday, offering $16.3 billion in cash and shares under the same terms as a friendly approach that was rejected by Cadbury in September. Absent any sweetener, Cadbury's board "emphatically rejected this derisory offer," chairman Roger Carr fired back in a statement. The bid, he said, "does not come remotely close to reflecting the true value of our company." (See nine...
...profit before deductions for tax and other charges, the deal is worth roughly a third less than the average for takeovers in the global food business since 2000, according to investment-research firm Sanford C. Bernstein. Granted, the world is in an economic slump and there's no rival bid on the table, but Kraft's offer would amount to "the lowest multiple in a major food deal over the last decade by 18%," Bernstein analysts wrote in a note to clients on Tuesday. (See more about Cadbury...
...Even if that bid fails - and many believe it could - just the threat of CITES may serve as a warning to the tuna industry and to governments. Fishermen, understandably, are not thrilled by the possibility of a ban, no matter how temporary. "We're in a race with the ecologists," says David Martínez Cañabate, adjunct director of Ricardo Fuentes & Sons in Cartagena, which employs about 1,000 workers. "They want to shut down the fisheries, and we want to show them that the quotas and enforcement are working." Cañabate acknowledges there is too much...
Working with Russia to block Iran's nuclear program will not be easy. Obama will have to do much better than he did when trying to win Russian support for Chicago's Olympic bid: he called Putin two days before the crucial vote, when Moscow was already committed to Rio, and offered nothing in return to the rather unsentimental Russian Prime Minister. Sadly, this too little, too late approach to Moscow on Iran's nuclear program may force the Administration to make precisely the decision it hopes to avoid: between a nuclear Iran and a new and dangerous...
After beating Dartmouth on Halloween, the Harvard women’s soccer team (9-6-1, 6-1 Ivy) knew they had the Ivy League Championship crown, and an automatic bid to the NCAA tournament, in the bag. But the Crimson wanted more...