Home

Kraft Foods Inc.

Kraft to cut back on sodium use

Thu, 03/18/2010 - 08:19 by Shruti Sharma

Northfiels, Ill. -- Kraft Foods Inc. said Wednesday it would cut sodium in many of its food products by an average of 10 percent by 2012 out of concern for customer health.

"We are reducing sodium because it's good for consumers, and, if done properly, it's good for business," said Rhonda Jordan, Kraft's president for health & wellness.

"A growing number of consumers are concerned about their sodium intake and we want to help them translate their intentions into actions," Jordan said.

The company had cut sodium as much as 30 percent in many items before setting the new goal of sodium reduction.

Britain weighs in on Kraft, Cadbury deal

Tue, 01/19/2010 - 20:36 by Inderjit Singh

London -- British Prime Minister Gordon Brown and union leaders weighed in on the Kraft Foods Inc. purchase of Cadbury, warning that jobs remain a priority.

After five months of acrimonious wrangling, Cadbury Tuesday accepted a purchase proposal valued at about $19.1 billion.

Brown said, "we are determined, of course, that at a time when people are worried about their jobs, that jobs in Cadbury can be secure."

Business Secretary Peter Mandleson was blunt about his opposition to the deal. "If you think that you can come here and make a fast buck you will find that you face huge opposition from the local population … and from the British government," he said.

Report: Kraft has deal for Cadbury

Tue, 01/19/2010 - 10:24 by shalini.bahadur

London -- U.S. food giant Kraft Foods Inc. has a deal for a friendly takeover British chocolate maker Cadbury that may value the company at $18.6 billion, sources said.

Citing people briefed on the matter The New York Times reported Monday Kraft will acquire Cadbury in a cash and stock deal that will bring it more than $50 billion in revenue globally.

The Times reported its source said the agreement could be announced Tuesday -- the last day on which Kraft could increase its offer under British law. The talks were still being held late Monday, the Times said.

Hershey and Ferrero eye Cadbury, lack dough

Thu, 11/19/2009 - 14:11 by Ishita Sood

Just when Kraft Foods was in the hope of capturing Cadbury, an obstruction came in its way, in the form of Hershey Co. and Ferrero International.

Both the companies recently confirmed that they were now in line to make offers for the $16.7 billion bid and give competition to Kraft.

The news bought fresh optimism in the share market raising the price of Cadbury shares by 1.2 percent. Shore Capital’s Darren Shirley says, “There’ll be plenty of ups and downs for Cadbury’s shares over the coming months.”

Kraft gearing to formalize the takeover bid for Cadbury

Mon, 11/09/2009 - 14:55 by Ishita Sood

London, November 9-- U.S.’s largest food and beverage company Kraft Foods Inc., is expected to formalize the takeover bid for Britain's Cadbury which is valued at 10.2 billion pounds ($16.7 billion)

Cadbury refuses merger bid by Kraft

Mon, 09/07/2009 - 20:44 by Jaspreet Kaur

London, September 7 -- The U.S. food giant Kraft Foods Inc. (NYSE:KFT) on Monday proposed a 10.2 billion pound ($16.7 billion) merger bid for British maker of chocolate, gum and candy, Cadbury PLC (LSE: CBRY, NYSE: CBY). However, the proposition was instantaneously declined by Cadbury.