Latest news on ‘Food & Beverage’
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Buffett sour on Kraft’s candy deal
By Brad Dorfman (Reuters) – Warren Buffett said Kraft Foods Inc’s (NYSE:KFT – News) proposed $19.6 billion acquisition of Cadbury Plc (LSE:CBRY.L – News) is a “bad deal” and questioned [...]
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Heineken to Buy Femsa Beer Unit in $7.7 Billion Deal
By Andrew Cleary (Bloomberg)
Heineken NV agreed to buy the beer division of Fomento Economico Mexicano SAB, producer of Dos Equis and Mexico’s second-biggest brewer, in an all-stock deal valued at [...] -
Buffett votes against Kraft bid for Cadbury
NEW YORK (Fortune) – Kraft’s biggest shareholder isn’t sweet on the food giant’s hostile bid for candy maker Cadbury.
Billionaire investor Warren Buffett said Tuesday he voted against Kraft’s (KFT, Fortune [...] -
Nestle’s Buyback May Signal No Big Buy, Analysts Say
(Bloomberg) – Nestle SA will buy back 10 billion francs ($9.6 billion) of stock after selling its stake in Alcon Inc., signaling the food company may have no imminent plans [...]
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Cadbury points to rival interest as it rejects Kraft
By David Jones and Victoria Howley
LONDON (Reuters) – Cadbury (CBRY.L) teased shareholders with the prospect of rival bids and promised bigger dividends and stronger growth as it again knocked back [...] -
Kraft Begins Cadbury Tender; Stock Trades Above Bid
(Bloomberg) – Kraft Foods Inc., the maker of Oreo cookies, began its unsolicited tender offer for Cadbury Plc as the U.K. candy maker traded above the 10.2 billion-pound bid ($17 [...]
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Heinz profit falls, raises full-year view
CHICAGO (Reuters) – H.J. Heinz Co (NYSE:HNZ – News) posted a lower quarterly profit on Tuesday, hurt by sales declines in North America and Europe, but said it is optimistic [...]
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Campbell Soup’s 1Q Profit Rises 17%; Outlook Raised
By Tess Stynes and Anjali Cordeiro
NEW YORK (Dow Jones) – Campbell Soup Co.’s (CPB) fiscal first-quarter earnings rose 17% on improved margins and prior-year restructuring and hedging expenses, though soup [...] -
Hershey Is Prodded on Cadbury Bid
By ILAN BRAT, JEFFREY MCCRACKEN and DANA CIMILLUCA
The charitable trust that controls Hershey Co. is pushing the chocolate maker to launch a rival $17 billion bid for Cadbury PLC that [...] -
World chocolate makers vie for Cadbury
LONDON (AP) – The world’s largest chocolate makers are gearing up for a potential corporate battle to buy Britain’s Cadbury, with Hershey and Ferrero saying Wednesday they were considering an [...]
