Word: krafts
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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...
Harvard (6-2, 5-0 Ivy) went down to New York on Saturday and scored on its first two possessions on its way to a 34-14 thrashing of Columbia (2-6, 1-4) at Robert K. Kraft Field...
With $1.75 billion in worldwide sales last year, Fair Trade is still a small player in the $70 billion global coffee industry, dominated by leviathans like Nestlé and Kraft. Because producer countries reap only $5 billion of that $70 billion, Fair Trade can help growers get more of their share. "Fair Trade is still, and will remain, a better deal for farmers," says Bacon. But it can help only so much. "This isn't a condemnation of the Fair Trade model," says Peyser. "It's a fact of life." One that all coffee drinkers may have to swallow...
...movie about a New York high school for the performing arts that spawned the long-running television series, had just been one long string of good, bad and ugly auditions. Anything to prolong the pleasure of watching disapproval spread like an ink stain across the face of Lynn Kraft, the dance teacher played by Bebe Neuwirth, as she spies another inadequate...
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...