“Hostile Bid” for Cadbury’s
November 8th, 2009
Kraft Foods Inc. (NYSE: KFT),the largest food and beverage company headquartered in the U.S. and the second in the world after Nestle has made what is generally considered an unwelcome or “hostile”bid for UK confectioner Cadbury’s. The offer values the company at £9.8bn which is £7.20 per share. Cadbury’s board believes this undervalues their business and expects its largest shareholders to reject any offer short of £8.50. Today the share price is £7.58.
if kraft food inc want any realistic chance of a take over they need to increase their bid by at least a pound and a half
they need to offer more money
good man ruairi they will surely get it at £9,800,000,000 + £1.50.. seriously they do need to up there offer.unless share prices go down,then the same bid might do.
mmmmmmm choclate!