martes, 5 de enero de 2010

Kraft raised its bid for Cadbury from the sale of his pizza business to Nestlé USA

The great food industry began to move tab to fatten their wallets to a year in which lay the foundations for recovery. In two days, three operations which have been constructed through the carom corporate prompted by Novartis.

The purchase of 52% of the ophthalmic division of Nestlé by the pharmaceutical by 19,700 million has enabled the food company acquires Kraft's pizza business in the U.S., in an operation of 3,700 million (2,565 million euros). Consequently, U.S. food group will improve its hostile bid for Cadbury by 10,000 million pounds (11.000 million), at 60 pence per share. This increase reflects the requirements of the shareholders of Cadbury, which brand your offer "derisory", and the U.S. group's own needs, which aims to regain lost ground on the stock exchange.

"Kraft Foods continues to believe that its price on the stock market is depressed as a result of a number of short-term factors that he thinks will dissipate once the uncertainty is resolved about its bid for Cadbury," the group.

Kraft has said that until next Jan. 19, last day I have to modify its bid, will not provide details of its new proposal.

In parallel, the company extended the acceptance period for its IPO, which ended on Tuesday, until next Feb. 2.

Because, well, watching the Italian Ferrero is studying an alliance with Hershey to launch a joint bid on Cadbury.

To make matters worse, the road is cleared as the purchase of North American Pizza giant Nestle quell speculation about a hypothetical entry into the game by the British candy company.

The division provides Nestle pizzas as Tombstone and DiGiorno brands that fit with its strategy in the frozen foods business in the U.S. and Canada.

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