Unsurprisingly, Kraft Foods’ so far unsuccessful bid for Cadbury dominated this week’s top stories on just-food.
UK/US: Cadbury rejects Kraft takeover bid
UK confectioner Cadbury has rejected a GBP10.2bn (US$16.73bn) takeover bid from Kraft Foods, the US food group behind the Milka and Toblerone brands.
UK: Cadbury’s growth potential “constrained” – Kraft CEO
The potential for Cadbury to grow further as an independent business is “constrained”, the boss of suitor Kraft Foods said today (8 September).
Kraft and Cadbury – what’s next?
After a dearth of major M&A in the food industry in recent months, the prospect of a mega-deal involving US food giant Kraft Foods and renowned UK confectioner Cadbury has got people talking today (7 September) Cadbury has rebuffed Kraft’s initial approach but the Milka and Toblerone maker is unlikely to give up easily. Dean Best looks at the twist and turns that could lie ahead.
UK/US: Hershey to consider Cadbury counter-bid – report
Speculation is circulating that US chocolate giant Hershey is preparing a counter-bid for Cadbury after the UK confectioner yesterday (7 September) rejected an offer from Kraft Foods.
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By GlobalDataUPDATE: UK: Waitrose deal to grow Duchy brand
The tie-up announced today (10 September) between Duchy Originals and Waitrose will help develop the Duchy brand, the organic food maker told just-food.
INSIGHT: Smithfield bullish despite Q1 losses
Smithfield Foods insisted today (8 September) that its business is well-positioned to benefit when the live hog industry picks up, despite the US meat producer posting an almost three-fold jump in first-quarter losses.
UK: Morrisons boss Bolland hails H1
Morrisons chief executive Marc Bolland this morning (10 September) hailed an “excellent” first half of the year after the retailer posted strong sales and earnings growth.
UK: Milk Link opens R&D centre, launches products
UK dairy farmer owned co-operative Milk Link has opened an innovation centre in Devon.
US: Lance to buy Stella D’oro cookies
US snack foods maker Lance is to add another cookie brand to its portfolio with the proposed acquisition of the Stella D’oro brand.
RUSSIA: Carrefour, Seventh Continent bid talk renews
The second-largest French banking group Natixis has acquired more than 75% of shares in Russian retail group Seventh Continent, once again swirling rumours about a potential sale to Carrefour.