Word: offered
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Dates: during 2000-2009
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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...
...latest turn in Kraft's effort to forge the world's biggest confectionary business, the low-ball offer - worth $12 per Cadbury share, or 4% less than its earlier proposal thanks to an interim fall in Kraft's shares - was never likely to be welcomed. As a multiple of Cadbury's 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...
...bell, alerting a group of blue-capped, rubber-booted men perusing rows of gray frozen tuna that the bidding is about to begin. He starts to chant out the tuna's serial numbers, written on squares of paper stuck to their bellies. One bidder raises his hand with an offer that the auctioneer weaves into his mantra: "4-5, 4-5, 4-5." That's 4,500 yen - about $50 - one of many offers made for every kilo of the frozen fish on the block that morning. At Tsukiji, the world's most famous fish market, tuna are sold...
According to Mallika Khandelwal '11, Groupon would release one Cambridge-based offer on Groupon Boston every week, compared to its daily releases in bigger cities, though that agreement has not yet been finalized...
...this difficult economic time, we want to support students in every way that we can and we also want to offer legal assistance to those who are most vulnerable,” Law School Dean Martha Minow said in a statement...