Sunday 17:59 pm Kraft (KFT) may raise the cash portion of its bid for Cadbury (CBY) to 400p ahead of tomorrow's 5 p.m. deadline, and has enlisted Royal Bank of Scotland (RBS), Credit Suisse (CS), Barclays (BCS) and BNP Paribas to help provide a £5.5B bridge loan. Kraft's initial bid was 300p and 0.2589 KFT shares per CBY share.
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Stock Doc: Jefferies Int'l (via Barron's) predicts a sweetened Cadbury (CBY) offer with a new price target of over $60/share. http://tinyurl.com/ykhx9w9
Mon, Oct 19, 2009
Graham and Dodd Investor: (KFT)'s proposal to sell commodity-like Maxwell House and Oscar Mayer Wiener to finance (CBY) bid makes sense.
Tue, Sep 15, 2009
Graham and Dodd Investor: (KFT) is something of a "commodity" player in the food business. Needs (CBY) to be "fully integrated."