Word: shared
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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...
Even though I'm biracial and should theoretically have half a share of hair angst, I've sacrificed endless Saturdays to the salon. It is unfathomable that I might ever leave my apartment with my hair in its truly natural state, unmoderated by heat or products. I once broke down at the airport when my gel was confiscated for exceeding the 3-oz. limit. (See 50 essential travel tips...
...lifelong practicing Catholic, I feel privileged and proud that Gingrich has found a new home in the teachings of the church. Though the former Speaker of the House has had his share of moral struggles, I am hopeful that his newfound faith will be the light that leads him to a stronger and better future. Mary O'Donnell, BOSTON...
Californians do not have to bear the full brunt of disaster, should it strike. Taxpayers across the nation share the cost of emergency responses to hurricanes in Florida, tornadoes in Kentucky and wildfires in California. When fires or other emergencies endanger property, states turn to the Federal Emergency Management Agency (FEMA) for grants of assistance that pick up 75% of the expense. Since July, eight California wildfires have qualified for FEMA assistance, says Palmer...
...billion has flowed to Medicaid; $19 billion to unemployment payments; $10 billion to states to bolster educational programs that primarily target the poor; $4 billion to student financial assistance; and $1 billion to rental assistance, among the biggest-ticket items alone. And that doesn't even include the share of the $62.5 billion in tax breaks available to the poor through the cut in withholding taxes; the Making Work Pay program, which gives tax breaks to wage earners; and the extension of COBRA health-insurance benefits...