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Kraft turns hostile in $16 billion bid for Cadbury

Nov. 9, 2009
Kraft Foods chief Irene Rosenfeld stuck to her guns in the pursuit of candy maker Cadbury, refusing to sweeten her $16.4 billion bid today and taking it directly to Cadbury shareholders.
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Kraft turns hostile in pursuit of Cadbury

LONDON, Nov. 9 (UPI) -- U.S. food giant Kraft said it would turn to shareholders to decide the fate of Cadbury, which rejected a $16.3 billion purchase offer from Kraft in September.

Kraft remains focused on Cadbury

NORTHFIELD, Ill., Nov. 4 (UPI) -- U.S. food giant Kraft said it would continue to pursue Cadbury, and called for a "disciplined approach" in its quest for the chocolate maker.

Cadbury girds for Kraft takeover bid

LONDON, Nov. 1 (UPI) -- British confectioner Cadbury is preparing for a $16 billion hostile takeover attempt by U.S. food conglomerate Kraft, analysts say.

Kraft given ultimatum on Cadbury

LONDON, Sept. 30 (UPI) -- The Takeover Panel in Britain has given Kraft Food Inc. until November 9 to make its intentions clear regarding a possible takeover of Cadbury PLC.

Kraft says it will pursue Cadbury

BOSTON, Sept. 9 (UPI) -- Kraft Foods Inc. Chief Executive Officer Irene Rosenfeld said Wednesday that Kraft would continue to pursue Cadbury PLC, the British confectionery maker.

Cadbury rejects Kraft merger offer

LONDON, Sept. 7 (UPI) -- British chocolate maker Cadbury PLC Monday said it rejected a $16.7 billion merger offer from U.S. foods manufacturer Kraft Foods Inc.

Kraft Foods to raise prices, CEO says

NORTHFIELD , Ill., May 14 (UPI) -- Kraft Foods Inc. Chief Executive Officer Irene Rosenfeld said the Northfield, Ill., food giant will raise prices this year.

Kraft unloads Post cereals in merger deal

CHICAGO, Nov. 16 (UPI) -- Kraft Foods has agreed to sell its Post cereals business to Ralcorp Holdings in a $2.6 billion merger deal, it was reported Friday.

Kraft pays $1.1B for British cookie maker

LONDON, July 10 (UPI) -- Kraft Foods Inc. will spend about $1.1 billion to buy Britain's iconic United Biscuits, a noted maker of cookies.

Kraft Foods replaces chief executive

NORTHFIELD, Ill., June 26 (UPI) -- Kraft Foods Inc. of Northfield, Ill., has replaced its chief executive, Roger K. Deromedi, effectively immediately, the company said Monday. Deromedi has "mutually agreed with the board to leave the company to pursue other interests," the statement said.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler