Cadbury hits new high as bidders circle – By David Jones
Nov 23, 2009 Make Money Online
Speculation of a bid battle for Cadbury between Kraft Foods and other rivals who are considering making takeover offers lifted shares in the British confectioner to a new high, analysts said on Monday.
Most of the other big players in the global confectionery industry — U.S.-based Hershey Co, Italy’s Ferrero and Switzerland’s Nestle AG — are now weighing bids themselves, according to Reuters sources and media reports.
“We think the probability of a competitive auction for Cadbury has increased,” said analyst Martin Deboo at brokers Investec Securities.
Many analysts doubt whether either of these three would bid alone, but possible combinations of them could trump Kraft’s current cash and shares 9.9 billion pounds ($16.4 billion) bid or push the American food giant into a higher offer.
Kraft made its cash and shares bid for Cadbury earlier this month, which currently values Cadbury shares at around 723p, and may raise its bid if other rival bidders emerge, said a source familiar with the situation late Sunday. Read the rest of this entry »
Tags: Bidders Circle, Cadbury, Hershey Co, Stock Market
Global stocks up on G20 stimulus
Sep 7, 2009 Make Money Online
By Harpreet Bhal
LONDON (Reuters) – Investors jumped into equities on Monday, sending world stocks close to their highest level for the year, while the dollar weakened across the board as demand for riskier assets took hold.
A weekend agreement by the G20 to keep economic stimuli running helped drive risk appetite. The meeting bolstered the view that interest rates will remain low, sending two-year euro zone government bond yields to historic lows.
The MSCI’s all-country world stock index .MIWD00000PUS, a benchmark for professional investors, rebounded 1 percent after a rare week of losses, and is only a few points off a year high reached in late August.
The pan-European FTSEurofirst 300 index .FTEU3 added 1.4 percent, reversing losses from the previous week, on expectations of mergers and acquisitions after Kraft (KFT.N) made a $16.7 billion bid for Cadbury (CBRY.L). Read the rest of this entry »
Tags: Cadbury, economic, Euro, investor, Japan's Nikkei, MSCI, Stock, Stock index, Stock Market
