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.
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.
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.
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.”
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)
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.
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