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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...
...first study to associate meal timing with degree of weight gain, sleep scientists at Northwestern University compared two groups of mice, each placed on opposite feeding schedules for a six-week period. Both groups were fed the same high-fat food, and both had the same amount of daily physical activity. The only difference: one group was fed during its normal 12-hour waking period, while the other rodents where fed while they should have been asleep. By the end of the study period, the latter group had gained more than twice as much weight as the mice that...
...also the head of Mariachi Veritas.Even if they didn’t start a rock band at Harvard, most who played at Harvard Rocks NYC took advantage of Harvard’s music scene. Wood dabbled in musical theater and was a member of the a cappella group The Callbacks. Snyder, originally a violinist, played in two orchestras and a string quartet while at Harvard.Furst’s path was more unusual. Instead of pursuing music, she instead concentrated on track and field and eventually became co-captain. A sociology concentrator, Furst always intended to go to graduate school...
...uninvited" and voiced concerns about its "content and motive." One school superintendent in Arizona, James Murlless, while calling Obama's education advocacy "well intended," said he preferred his students see it "in their own homes, under the supervision of their parents." The Nationwide Tea Party Coalition, a fiscal watchdog group that has become a sort of clearinghouse for conservative grievances since the anti-health-care-reform movement began, has revved up a campaign called "Hall Pass on That," urging parents to have their kids excused from watching the speech. In Oklahoma, state senator Steve Russell rivaled Florida's Greer...
...Both Turkey and Armenia have taken a brave and statesmanlike step," says Hugh Pope, analyst with the Brussels-based International Crisis Group. "Both will win if it succeeds." For landlocked Armenia, an open border could mean huge economic gains. Ali Guvensoy, head of the chamber of commerce of Kars in eastern Turkey, estimates the regional economy could grow by 20%, a boon for the impoverished area. Opening the border will also bolster Turkey's ambitions to become a political heavyweight in the region. "If successful, [the talks] could win back for Turkey much of its recently faded prestige as domestic...