Word: bids
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...early returns look good. On the morning after Barack Obama's dramatic bid to push the most ambitious undertaking of his presidency toward a goal line that is in sight and yet still out of reach, the instant polls suggested he had indeed made some headway. In a national survey by CNN, 2 out of 3 of those watching said they might favor his health-care proposal, which was a 14-point jump from before the President gave the address on Sept. 9 to a packed House chamber. But as Bill Clinton - or his wife, the Secretary of State...
...Turkey's leaders say they remain committed to their bid, however long it takes. But patience might not be enough, according to a report published Sept. 7 by a panel of European grandees. Chaired by former Finnish President Martti Ahtisaari, who won a Nobel Peace Prize for his work as a mediator, the Independent Commission on Turkey says some E.U. leaders are mining popular fears over the specter of Turkish membership. "Attacks on the E.U.-Turkey process [have become] a proxy for popular concerns about immigration, worries about jobs, fears of Islam and a general dissatisfaction with...
...these stomach-churning times, there's comfort to be had in chocolate. Just ask Kraft. The world's second-largest foodmaker revealed on Monday, Sept. 7, that it had launched a $16.7 billion bid for British confectioner Cadbury, a bold effort to create "a global powerhouse in snacks" worth $50 billion a year in revenues. Cadbury rejected the offer, but Kraft, maker of Oreo cookies and Kool-Aid, showed its sweet tooth. The firm is "committed to working toward a transaction," it said in a statement, "and to maintaining a constructive dialogue...
That means raising its offer. Kraft's bid puts a price of 745 pence on each share, a 31% premium compared with Cadbury's closing price last Friday, Sept. 4. But analysts agree with Cadbury's assessment that Kraft's approach "fundamentally undervalues the group and its prospects." As a multiple of Cadbury's sales, for instance, Kraft's offer amounts to roughly half that tabled by Mars in its acquisition of Wrigley, says Jeremy Batstone-Carr, an analyst at brokers Charles Stanley in London. Expectation of a second bid from Kraft, a fresh one from Switzerland's Nestl...
...result of such comments, the number of countries which plan to support Hosni's UNESCO bid have thinned, and eight other rivals have stepped...