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Breaking News on Confectionery & Biscuit Processing

Kraft deemed winner of choc wars

Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US...

Timeline: Cadbury and Kraft do battle

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of...

Cadbury recommends acceptance of new Kraft takeover bid

Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles.

Kraft set to raise Cadbury offer, report

Kraft Foods will raise its bid for Cadbury to at least 820 pence per share, according to a report in the UK’s Sunday Times.

Cadbury shares up on reports of Hershey bid

Cadbury shares rose today on the back of media report that indicated that US chocolate maker, Hershey’s could be set to make a counter-bid for the UK confectioner, already the...

Cadbury worth more than Kraft bid - analysts

US based market analyst firm Bernstein Research claims that there is more value for Cadbury shareholders in the UK confectionery giant remaining a standalone company should a higher bid from...

Commission sets conditions for Kraft buying Cadbury

The difference between British and continental European chocolate preferences means the acquisition of Cadbury by Kraft would not present competition problems, the European Commission has said, as long as Cadbury’s...

Kraft’s largest shareholder votes against Cadbury bid

Kraft’s largest shareholder Berkshire Hathaway, run by billionaire investor Warren Buffett, has voted against the issuance of up to 370m shares to acquire Cadbury, it said on Tuesday.

Kraft sells pizza business to Nestlé to fund Cadbury offer

Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.

Packaging at forefront of Cadbury strategy

Streamlining of its packaging purchasing is one of the ways that confectionery giant Cadbury hopes to tighten margins in its strategy to stave off a take over from Kraft.

Nestlé and Kraft probe palm oil sources after sustainability claims

The globe’s two biggest food firms, Nestlé and Kraft, have launched internal investigations after a Greenpeace report claimed both purchase palm oil from Indonesian company PT Smart whose parent group...

Kraft questions Cadbury’s long-term targets

Kraft has dismissed the raised long-term growth targets published by Cadbury on Monday, saying the UK confectioner’s prospects are subject to significant risk and uncertainty.

Cadbury's 'aggressive' stance could keep it independent - analyst

Cadbury’s updated statement on revenue growth for the next four years should incentivise its shareholders to hold out for a higher offer than the bid from Kraft Foods or remain...

Cadbury’s union moves to block Kraft takeover

British and Irish workers at Cadbury have announced a campaign to resist Kraft’s hostile ₤9.8bn ($16.3bn) takeover bid by appealing to shareholders and politicians to block the deal.

News in brief

Kraft’s Cadbury bid review deadline delayed

European regulators have pushed back the deadline for their review of Kraft’s $16.1bn bid for Cadbury after the American company offered concessions, they said on Wednesday.

News in brief

Cadbury set to issue formal response to Kraft

Confectionery giant Cadbury said today that it would post a formal response to Kraft’s takeover offer of $16.3bn (£9.8bn) on 14 December.

Kraft still most likely to win Cadbury deal, says analyst

Kraft has mismanaged its Cadbury takeover attempt but is still the favorite to get the deal done, according to Andrew Wood, senior research analyst at Sanford Bernstein.

News in brief

Kraft closes Romanian confectionery plant

Kraft Foods has moved confectionery production from Brasov, Romania to Svoge, Bulgaria with the loss of more than 220 jobs, the company has said.

Cadbury India taps into health trend with glucose bar

Tapping into the health and wellness trend, Cadbury is targeting the youth market in India with an energy glucose containing chocolate wafer bar.

Hershey confirms interest in Cadbury

Hershey has confirmed that it is “reviewing its options” regarding a possible joint bid with Ferrero for British confectioner Cadbury, following media speculation about talks yesterday.

Hershey and Ferrero could bid for Cadbury

Hershey and Ferrero are reported to be considering a joint bid for Cadbury that could put the brakes on a hostile takeover by Kraft.

News in brief

Billionaire increases Cadbury stake

US hedge-fund manager, John Paulson, has doubled his stake in Cadbury on the same day the confectionary giant rejected a hostile takeover bid from Kraft, according to media reports.

Kraft’s bid is ‘contemptuous’, says analyst

Even if Kraft intends to increase its bid for Cadbury, its latest offer has probably managed to upset both the board and shareholders, says Andrew Wood, senior research analyst at...

Cadbury cites eco concerns for tin swap

Confectionery giant Cadbury is playing up its sustainability initiatives in its seasonal packaging to appeal to consumer demand for a 'green' Christmas.

Kraft rolls out sustainable chocolate range

Kraft Foods said its premium dark chocolate range is the first to carry the Rainforest Alliance Certified seal, showing it contains cocoa from farms that meet the sustainability standard.

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