Stocks to Watch Today (Free subscription) | yesterday
In the ongoing saga of Hershey (HSY) and Kraft Foods’s (KFT) potential $17 billion bidding war for Cadbury PLC (CBY), the rumors continue to swirl at a frantic pace. Monday brought news Kraft might increase its $16.7 billion bid for Cadbury, amidst rumors Nestle (NSRGY) may join the bidding. That [...]
24/7 Wall St. (Free subscription) | 11/23/2009
Cadbury plc (NYSE: CBY) is effectively worth almost more than ever because of the merger interest. Kraft Foods Inc. (NYSE: KFT) has a cash and share bid is worth roughly $16.4 billion already, and Cadbury wants more. Throwing in the Hershey Co. (NYSE: HSY) bid may only complicate matters. Throw in Italy’s Ferrero and Switzerland’s [...]
Stocks to Watch Today (Free subscription) | 11/20/2009
Hershey (HSY) could issue $2 billion of new shares and spend $10 billion of cash as part of a deal to steal Cadbury (CBY) from Kraft Foods (KFT something the Charitable Trust controlling Hershey would very much like, according to an article in the Wall Street Journal this afternoon. The [...]
iStockAnalyst.com (Free subscription) | 11/19/2009
Hershey Co. (NYSE: HSY) and Italian-based confectioner Ferrero SpA are considering a possible bid for U.K. candy giant Cadbury PLC (NYSE ADR: CBRY), raising the potential for a costly bidding war. But should a battle take place, U.S. food giant Kraft Foods Inc. (NYSE: KFT) is still the odds-on favorite. [More...]
Stocks to Watch Today (Free subscription) | 11/18/2009
Hershey’s (HSY) interest in topping Kraft Foods’s (KFT) $16.7 billion bid for Cadbury PLC (CBY) faces the problem of raising substantial debt financing, report the Mergermarket folks inside the Financial Times this afternoon. Because of the family ownership structure of Hershey, and its Italian partner, privately held confectioner Ferrero, the [...]
BloggingStocks (Free subscription) | 11/18/2009
Filed under: Before the bell , International markets , Deals , Market matters , Hershey Co (HSY) , Economic data , Kraft Foods'A' (KFT) , Commodities , Oil , Housing U.S. stock futures edged higher Wednesday morning, a little above the 13-month highs they reached Tuesday, as investors await key data figures, including consumer prices and housing starts. As traders take a breather from the recent runup...
Stocks to Watch Today (Free subscription) | 11/17/2009
Dow Jones Newswires this afternoon are reporting executives of Hershey (HSY) have been mulling “for several weeks” whether to making an offer for Britain sweets maker Cadbury PLC (CBY) to compete with Kraft Foods’s (KFT) $16.7 billion hostile bid. Unnamed sources have told reporters in the last week that Cadbury’s [...]
Chicago Tribune (Free subscription) | 11/17/2009
U.S. chocolate giant Hershey Co. (HSY) has been in high-level talks with Italian chocolate maker Ferrero Spa to possibly craft a rival joint bid to Kraft Foods Inc.'s (KFT) $16.7 billion offer for Cadbury PLC (CBY), according to people familiar with the matter.
MarketIntelligenceCenter.com (Free subscription) | 11/13/2009
Kraft Foods (NYSE: KFT) opened at $26.84. So far today, the stock has hit a low of $26.80 and a high of $27.12. KFT is now trading at $26.96, up $0.12 (0.45%). The stock hit its 52-Week high of $29.84 in January and set its 52-Week low of $20.81 in March. The stock is moving higher today with the overall Food industry. Tech...
market folly (Free subscription) | 11/12/2009
Literally just yesterday we touched on the fact that hedge fund manager John Paulson is betting on the Cadbury (CBY) buyout by buying shares. Well, he has just bought even more. Paulson purchased 6,395,000 more shares at a price of 759.96 pence each. This brings his total securities exposure to 26,768,256 shares. As we touched on yesterday , Paulson also has 8,116,401 shares of exposure through CFD...
The Business Insider (Free subscription) | 11/11/2009
John Paulson's hedge fund Paulson & Co has doubled down on their Cadbury (CBY) stake. According to UK disclosures, Paulson emphatically boosted his stake in Cadbury to 2.1% of the company as he purchased 14.8 million shares at a price of 759.59 pence each in the UK market and he now owns a total of 28.5 million shares. This means he bought 112 million pounds sterling (or $187 million) worth of...
market folly (Free subscription) | 11/11/2009
John Paulson's hedge fund Paulson & Co has doubled down on their Cadbury (CBY) stake. According to UK disclosures, Paulson emphatically boosted his stake in Cadbury to 2.1% of the company as he purchased 14.8 million shares at a price of 759.59 pence each in the UK market and he now owns a total of 28.5 million shares. This means he bought 112 million pounds sterling (or $187 million) worth of...
Jim Cramer's Mad Money (Free subscription) | 11/10/2009
Jim Cramer’s Mad Money Stock Picks for Thursday November 5 2009. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: First Niagara Financial (FNFG) Inergy LP (NRGY) Deckers Outdoor (DECK) Dendreon (DNDN) Onyx Pharmaceuticals (ONXX) Allos Therapeutics (ALTH) Darden Restaurants (DRI) American Express (AXP) General Mills (GIS) Kellogg (K) Bank of America (BAC) Sell:...
The Edge (Free subscription) | 11/10/2009
Now that Kraft Foods (NYSE:KFT) has made its hostile bid for Cadbury it is worth remembering what a hostile takeover offer is. It is one that the directors reject – not necessarily one the shareholders oppose. Cadbury’s (LON:CBRY) board may well be reading its investors’ opinions correctly and it has had plenty of time to sound [...]
AXcess News (Free subscription) | 11/10/2009
Kraft Foods (NYSE: KFT) hopes to see some Cadbury Plc (NYSE: CBY) share certificates dangling from its holiday stocking after making a hostile bid of $16.4 billion to buyout the UK-based maker of creamed eggs and chocolates.
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