Stocks in the News: Kraft Foods, Cadbury, Google, Ford
{ Posted on Jan 06 2010 by David Schepp }
The following is a round-up of news likely to affect stock prices today:
It appears Cadbury (CBY) shareholders were just as displeased as company management by Kraft Foods' (KFT) latest bid for the British chocolate maker. Kraft said Wednesday that its approximately $16 billion offer received support from just 1.5% of Cadbury shareholders. The vote was held Tuesday, the original deadline set by Kraft for Cadbury to accept its November offer. As expected, Kraft extended the offer window until Feb. 2. Kraft boosted the amount of cash in its offer Tuesday, after agreeing to sell its U.S. pizza business to Nestlé for $3.7 billion.
It appears Cadbury (CBY) shareholders were just as displeased as company management by Kraft Foods' (KFT) latest bid for the British chocolate maker. Kraft said Wednesday that its approximately $16 billion offer received support from just 1.5% of Cadbury shareholders. The vote was held Tuesday, the original deadline set by Kraft for Cadbury to accept its November offer. As expected, Kraft extended the offer window until Feb. 2. Kraft boosted the amount of cash in its offer Tuesday, after agreeing to sell its U.S. pizza business to Nestlé for $3.7 billion.
Continue reading Stocks in the News: Kraft Foods, Cadbury, Google, Ford
Stocks in the News: Kraft Foods, Cadbury, Google, Ford originally appeared on DailyFinance on Wed, 06 Jan 2010 07:35:00.
Filed Under: Company News, Investing, Honda Motor Co., Ford Motor Co., Google , Kraft Foods, Apple, Wal-Mart Stores, Target Corp., Costco Wholesale Corp., Stock Picks, General Motors
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