Word: proposall
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As the 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...
So why did Kraft bother? Announced hours before a late Monday deadline for a formal offer from the company under U.K. takeover rules, the proposal buys Kraft valuable time to figure out its next move. Under the British code, the Illinois-based firm now has 28 days to distribute the...
That the companies are set for a drawn-out saga - a likely revised bid could come as late as the end of January - is clear. What value Kraft may be prepared to place on Cadbury is less so. The British firm's shareholders are thought to want at least $13.4...
Two weeks ago, Sen. Joseph Lieberman used the lives of thousands of Americans as a bargaining chip. Of course, he did not phrase it that way. Instead, he threatened to join a Republican filibuster of any health-care reform bill that includes the choice of a government-run insurance plan...
The first proposal for using injected drugs as a form of capital punishment came in the late 19th century, when a New York commission on capital punishment included the suggestion that the method might prove more humane than hanging. According to Robert M. Bohm, a professor at the University of...