Word: hershey
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Kraft's unsolicited bid to take out candy giant Cadbury PLC in a GBP10.2 billion ($16.7 billion) deal has Wall Street placing bets on whether rival Hershey Co. will jump into the fray...
Cadbury swiftly dismissed Kraft's bid as too low, but speculation is running rampant on Wall Street that Cadbury is now in play and that either Kraft will sweeten its offer or another rival, such as Hershey, will step up. Industry experts speculate that bidding could exceed $21 billion before a merger is clinched. Read "Chocolate, Meet Choco-Luxe...
...Hershey, which makes candy under such brands as Hershey, Reese's, Kit Kat, Bliss, Twizzlers and Ice Breakers, has long been touted as an ideal partner for Cadbury. A marriage would combine the Hershey, Pa., company's dominant position in the U.S. candy market with Cadbury's stellar role overseas to create an international powerhouse. The two have been involved in merger talks off and on for more than a decade, with Cadbury being the suitor. However, Hershey has always been the reluctant bride, with the company's Hershey Trust, which controls more than 75% of the company's voting...
...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 Nestlé or U.S. confectioner Hershey, or even a combined approach from Kraft and one of its rivals pushed Cadbury shares 40% higher Monday. (Read about the world's best chocolate...
...coming up with a chocolate that doesn't liquefy between your fingers (or in your pocket), Barry Callebaut has managed to create something that many chocolate makers have tried before but never accomplished. Former attempts at melt-free chocolate - including one by U.S. manufacturer Hershey - resulted in rock-hard bars that were a struggle to break, let alone eat. And the quest for a low-calorie bar has long been stymied by the tricky issues of flavor and texture. According to Tschofen, Vulcano - which gets its name from the little air bubbles it contains that conjure up images of volcanic...