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’Unilever to bid for Cadbury?
No this isn’t RAW market info but some fantasy M&A from Panmure Gordon.
Analysts Graham Jones thinks Unilever should seriously consider offering 850p a share for Cadbury as it would be earnings enhancing and add meaningful exposure to what is already one of the best emerging operations in the consumers goods industry.
Did he really say that? Part III
The row about what Cadbury CEO Todd Stitzer did or did not say at that Bank of America Merrill Lynch conference earlier this week is turning increasingly nasty.
Here’s the latest from Bloomberg:
Cadbury Plc contacted the U.K.
Stitzer under fire for Kraft remarks
The UK’s Takeover Panel is examining comments by Cadbury’s chief executive to investors on Wednesday that referred to potential takeover valuations. The panel is concerned that Todd Stitzer’s comments have created uncertainty among investors.
Stitzer ‘sees sense’ of Cadbury takeover
Todd Stitzer, chief executive of Cadbury, has appeared to concede that a combination with Kraft makes “strategic sense”. Bank of America/Merrill Lynch revealed that Stitzer told a conference it organised that Kraft was unlikely to walk away from its $16.8bn bid,
Did he really say that?
There are very strict rules governing what you can and can’t say during an offer period in the UK, so we were intrigued to see these flashes appear on Wednesday morning.
All the more so because the Bank of America Merrill Lynch conference that Todd Stitzer has been speaking at is supposed to be off limits to the press and all the investor meetings are private one-on-one affairs.
Cadbury weighs options for drinks arm
Cadbury Schweppes said it was considering different options for a demerger if the sale of its beverages business stalled, as it reported a sharp fall in interim profits and said margins were unlikely to improve during the year.
Cadbury to axe 7,800 jobs, drop ‘Schweppes’
Cadbury Schweppes on Wednesday outlined plans to drop Schweppes from its name, cut about 7,800 jobs and close about 10 factories globally to improve profitability. The UK company, which this year said it would split its beverages and confectionery operations,
Cadbury splits — stock spikes
Nelson Peltz has clearly had a galvanising effect on Cadbury Schweppes. The drinks and sweets group, where the activist American investor has taken a near-3 per cent stake, confirmed on Thursday that it plans to split itself in two.