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Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.
British candy company Cadbury PLC will reject an expected 10.3 billion pound ($17 billion) takeover bid from U.S. confectionary giant Hershey Co., a newspaper reported Sunday.
British candy maker Cadbury PLC rejected a renewed 9.8 billion pound ($16.4 billion) hostile bid from Kraft Foods Inc. on Monday after the U.S. company refused to sweeten a previous offer.
The clock is ticking on a Monday deadline for Kraft Foods Inc. to make a formal offer for British candy maker Cadbury PLC.
Kraft Foods Inc. is still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker, Kraft said Tuesday.
Britain's Panel on Takeovers and Mergers says Kraft Foods Inc. has until November 9 to either make a firm bid for candy maker Cadbury PLC or walk away.
Argentine police have used force to remove laid-off workers occupying a Kraft Foods plant since last month.
Kraft Foods Inc. is poised to launch a hostile bid for British candy maker Cadbury PLC, The Observer said Sunday, citing unnamed sources.
Kraft Foods Inc. said Wednesday it plans to focus on higher-margin, priority brands to boost productivity in Europe and will continue to cut costs as the food maker hopes to continue expanding worldwide.
The chairman of candy maker Cadbury PLC said Saturday that Kraft Foods Inc. undervalued his company in a takeover offer this week, and he dismissed the suitor as a "low growth conglomerate."
Kraft Foods Inc. on Monday proposed a 10.2 billion pound ($16.7 billion) takeover of Cadbury PLC, but the offer was immediately rejected by the British maker of chocolate, gum and candy.
Rising commodities prices and stirrings of corporate takeovers are making investors more optimistic about the economy. Stocks gained for the third straight day Tuesday as gold topped $1,000 an ounce for the first time since February and oil jumped more than $3 a barrel. The rising prices helped lift material and energy stocks. A takeover bid from Kraft Foods Inc. for rival Cadbury PLC — even though Cadbury rejected it — combined with a big phone deal in England lifted hopes that takeover activity could be picking up.
Kraft Foods Inc. said Tuesday its second-quarter profit rose 11 percent even though its revenue slipped as the dollar's strength weighed down international sales.
Kraft Foods Inc. said Tuesday its first-quarter profit rose 10 percent even as sales took a hit from the stronger dollar. The maker of Velveeta, Oreo cookies and Maxwell House coffee says it plans to focus on its core products, where it can make the most money, to emerge from the recession even stronger.
Kraft Foods Inc. said Tuesday that its first-quarter profit rose 10 percent even as sales dropped as consumers pulled back on their spending.
Kraft Foods Inc., the nation's largest food and beverage maker, reports its first-quarter earnings on Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Kraft Foods Inc., the company whose testing led to the nationwide pistachio recall, said Friday it first heard there was salmonella in its trail mix in late 2007, but could not trace the possible source to tainted nuts from California until two weeks ago.
Consumers may be returning to grocery stores but they are not racing for name-brand products, foodmakers Kraft Foods Inc. and Sara Lee Corp. said as they released their latest quarterly results Wednesday.
Kraft Foods Inc. said Wednesday that its fourth-quarter profit fell 72 percent due to costs related to a restructuring program, and the company cut its 2009 guidance because of the stronger dollar and pension costs.
Wall Street sent stocks tumbling Tuesday, frustrated by details lacking in the government's new bank bailout plan. While the Treasury Department outlined a plan to boost lending and remove assets from banks' books by partnering with the private sector, it did not say how, when, or at what price. Financial stocks took an especially steep dive.
Stock prices fluctuated Monday as investors waited for Washington to make the next move.
Procter & Gamble Co. and Kraft Foods Inc. said Friday they have settled lawsuits alleging patent infringement on coffee containers.
Hundreds of people will lose their jobs at a chocolate factory after Kraft Foods said Wednesday it would close its factory in Transylvania next year
In an Oct. 29 story about earnings for foodmakers Kellogg Co. and Kraft Foods Inc., The Associated Press erroneously reported the surname of a Frost & Sullivan research analyst. His name is Christopher Shanahan, not Sullivan.
Food giants Kraft Foods Inc. and Kellogg Co. reported earnings for the third quarter on Wednesday. Here's a look at how some of their segments fared:
He just smiled and gave me a iSnack2.0 sandwichThe moral of this story might be - the next time the marketing people want to show you a powerpoint demonstration, fire up the toaster and tell them you're too busy eating Vegemite.
Sugar Laden and Highly Processed Foods To Be Sold As “Smart Food Choices”A new food labeling program created by food giants is under scrutiny.
Who Owns Your Favorite Organic or Natural Food Company?Article and flowchart that summarizes the structure of the organic foods industry over the past decade.
Think Your Food's Organic? Think AgainWhen it comes to a healthy diet, I am not a purist. Too late for that because I grew up eating such culinary concoctions as toasted sandwiches constructed of Spam, white bread and that oddly orange, oddly spongy cheeselike stuff known as Velveeta.
For first time, trace amount of mercury found in corn syrupExcerpt: A test of popular processed foods from some of the biggest names in the industry found trace amounts of mercury, according to the Institute for Agriculture and Trade Policy, a nonprofit group based in Minneapolis.
New Food Formula: Tastes Fine, Kills WormsKraft Foods, the conglomerate built on macaroni and cheese, is working on a new and unusual product line — food that is not only tasty, but kills intestinal worms.
FOX Business Unveils the FOX 50That's why we at FOX Business decided to cobble together the FOX 50 (FOX50), an index of the largest U.S. companies that make the products you know and use every day. Think of it as the stock index of your life.
Smell that? Someone's trying to sell you somethingTake a deep breath and get ready for an olfactory onslaught: Nostrils are becoming a target for marketers. As more jaded consumers turn up their noses at traditional ads and marketers scramble for alternatives, scent-based promotions are growing.
Harkin Hearkens: Junk Food Marketing "out Of Control"An alarming growth in the rate of overweight children and the political sea change in Congress make it likely that lawmakers will consider restricting the marketing of food to kids.
South Beach Diet 2007 New Year's Resolution If your New Years Resolution is to lose weight, then you are in for a big treat! Starting in the beginning of the year, your favourite grocery store will be stocking up on the latest Kraft Kraze - South Beach Diet inspired foods! Featuring three new varieties of frozen wraps - Ta …
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