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 focus of a hostile bid from Kraft Foods.
The Trian investment group, led by Nelson Peltz, yesterday called
for Cadbury to make a raft of improvements to its operations,
threatening to take matters out of management's hands if the
requests are not met.
Fonterra is initiating a two-year consultation to adopt a preferred
capital structure that could see it split in two and listing on the
New Zealand Stock Exchange, to better take advantage
of growth opportunities.