• Kraft (them Toblerone blokes) try to buy Cadbury, Cadbury is like "no bitch"
    80 replies, posted
[quote=BBC News][b]Cadbury shares rose almost 40% after it rejected a £10.2bn approach from Kraft Foods, sparking talk of a bidding war.[/b] Kraft said that the purchase of the maker of Dairy Milk would protect jobs in the UK - including saving a factory earmarked for closure. But Cadbury, said the approach "fundamentally" undervalued the firm. Analysts say Kraft may sweeten its offer. Others could enter the fray, with the prospect of Nestle and Hershey making a joint move being mooted. "Our initial view is that this represents a competitively pitched offer, but something less than a knockout blow," said Martin Deboo at Investec. [b]'Strong brands'[/b] Kraft said it wanted to create "a global powerhouse in snacks, confectionery and quick meals". When reached for comment about the rejection, a Kraft spokesperson predicted that they were "gonna be poor". As well as Dairy Milk, Cadbury also owns the Green & Black's chocolate brand and Halls lozenges, Trident and Dentyne gum brands, and liquorice allsorts maker Bassett's. It spun off its drinks division as a separate business last year. It is seeing much of its growth in emerging markets such as India and Russia. And Cadbury said its "strong brands, unique category and geographic scope" left it confident of its future as a standalone firm. [b]Distribution savings[/b] Kraft's brands include Kenco and Maxwell House coffee, Oreo biscuits, Jacobs, Terry's Chocolate Orange and Toblerone as well as cheese products such as Philadelphia and Dairylea. The proposed deal would allow up to $625m a year to be saved in distribution, marketing and product development costs, Kraft said. Cadbury's brands were "highly complementary" to its portfolio, it added, saying the UK firm "would benefit from Kraft Foods' global scope and scale and array of proprietary technologies and processes". "As we have done, Cadbury has built wonderful brands by focusing on quality, innovation and marketing, but we believe the next stage in Cadbury's development will be challenging, given the increased importance of scale in the industry," said Kraft chairman Irene Rosenfeld. "We are eager to build upon Cadbury's iconic brands and strong British heritage through increased investment and innovation. We have great respect and admiration for Cadbury, its employees, its leadership and its proud heritage." [b]'Iconic brands'[/b] Industry analysts have been speculating that there could be consolidation in the food sector. Evolution Securities said that Nestle and Hershey could come together to make a counter-bid for Cadbury, with Nestle taking on the chewing gum business and Hershey running the chocolate division. Kraft said its possible offer - based on paying 745 pence for every Cadbury share - was a 31% premium to its closing price last week and 42% more than the firm's shares were worth in early July, when speculation about possible deals in the sector intensified. In a letter to Cadbury's, Ms Rosenfeld said it would be able to continue to operate its Somerdale factory in Keynsham, near Bristol, which is set to be closed, and also invest in its plant in Bournville, Birmingham, "thereby preserving UK manufacturing jobs". Last year Cadbury announced plans to slash 15% of its workforce and factory numbers worldwide - equivalent to 7,800 jobs - as it looked to cut costs. [/quote] [url]http://news.bbc.co.uk/1/hi/business/8241056.stm[/url] WTF, Cadbury is huge, it should be buying other companies, not being bought itself. Don't ruin my fuckin delish chocolate Kraft :(
why does everybody think company takeovers are bad. businesses wouldn't change anything that the customers won't like.
Not Hershey, they taste disgusting...
Mm toblerone..
This thread reminds me of Toblerone. They fucking rock.
[img]http://idontliketoread.files.wordpress.com/2009/05/toblerone-chocolate-522042_800_418.jpg[/img] :downsbravo:
[quote=BBC News]Kraft said it wanted to create "a global powerhouse in snacks, confectionery and quick meals". When reached for comment about the rejection, a Kraft spokesperson predicted that they were "gonna be poor"[/quote] im crying. we are gonna be poor. oh fuck oh fuck i need to email Cadbury and demand a buyout
I'm not really too bothered. Kraft is already an uber-corp, and so is Cadbury.
[QUOTE=smurfy;17180733][quote=BBC News][b]"gonna be poor"[/b][/quote] [url]http://news.bbc.co.uk/1/hi/business/8241056.stm[/url] WTF, Cadbury is huge, it should be buying other companies, not being bought itself. Don't ruin my fuckin delish chocolate Kraft :([/QUOTE] That's the second time I've seen you edit that in. I'm on to you! :argh: Also, I feel extremely underprivileged never having tasted a Cadbury chocolate. :frown:
Get the fuck off my Dairy Milk you pricks
40% increase in share price? Holy christ.
[QUOTE=ArmyKid93;17180936]That's the second time I've seen you edit that in. I'm on to you! :argh: Also, I feel extremely underprivileged never having tasted a Cadbury chocolate. :frown:[/QUOTE] It's my "thing". Also you are a half a man.
I hope Hershey doesn't buy them and make the chocolate all crappy
I'd wish Kraft foods would stop removing the brands from products, but most of all stop buying companies, Freia was pretty much Norway's pride, traditional shit, and had a stork as a logo, now they removed the logo from every chocolate produced. [editline]07:20PM[/editline] Just went to the toblerone site, and damn, I swear I could smell toblerone chocolate.
I've never heard of Cadbury.
[QUOTE=ole johan;17181182]I'd wish Kraft foods would stop removing the brands from products, but most of all stop buying companies, Freia was pretty much Norway's pride, traditional shit, and had a stork as a logo, now they removed the logo from every chocolate produced. [/QUOTE] I have a cousin over there who sent me a box of that. Best fucking chocolate ever. I didn't know it was Kraft now. Fuck those guys.
What's wrong with Toblerones. :(
[QUOTE=PieClock;17182369]What's wrong with Toblerones. :([/QUOTE] I've had store-brand Toblerone knockoffs that were just as good.
[QUOTE=Un.Hxx.Aé;17182228]I've never heard of Cadbury.[/QUOTE] becuz u r not from englandz. My favourite Cadbury's chocolate would be Boost or Double Decker
[QUOTE=Un.Hxx.Aé;17182228]I've never heard of Cadbury.[/QUOTE] [img]http://www.chocolatespoon.com/musings/images/eggs2.jpg[/img] Motherfucking MINI-EGGS
[QUOTE=ArmyKid93;17180936]That's the second time I've seen you edit that in. I'm on to you! :argh: Also, I feel extremely underprivileged never having tasted a Cadbury chocolate. :frown:[/QUOTE] Cadbury chocolate is shit, most "mainstream" chocolate in England is. Way too much sugar. [editline]09:34PM[/editline] [QUOTE=microsnakey;17182447]becuz u r not from englandz. My favourite Cadbury's chocolate would be Boost or Double Decker[/QUOTE] I do like Double Deckers alot though, but there's not alot of chocolate. Used to eat boost when I swam.
[QUOTE=Zeke129;17182581][img]http://www.chocolatespoon.com/musings/images/eggs2.jpg[/img] Motherfucking MINI-EGGS[/QUOTE] Stop it, your making me hungry you bitch!
[QUOTE=Un.Hxx.Aé;17182228]I've never heard of Cadbury.[/QUOTE] Everyone has had a creme egg before. [img]http://claytonguiltner.files.wordpress.com/2008/03/df_cremeegg_325.jpg[/img]
[QUOTE=Kraft Spokesperson;17182675]"Gonna be poor".[/QUOTE] [QUOTE=Monkey_123;17182675]Oh fuck oh fuck we're gonna be poor.[/QUOTE] Coincidence?
[QUOTE=erazor;17182737]Coincidence?[/QUOTE] Check my other page 1 threads on In The News.
Serious shit here. Watch, there'll be a full out war with guns and tanks and shit over who gets to buy the company.
In the end Kraft will take over Cadbury, all is well.
fuckin mac and cheese better not take my ginger ale and cadbury eggs
[QUOTE=DPennington;17182816]Serious shit here. Watch, there'll be a full out war with guns and tanks and shit over who gets to buy the company.[/QUOTE] Shut it.
[QUOTE=Zeke129;17182581][img]http://www.chocolatespoon.com/musings/images/eggs2.jpg[/img] Motherfucking MINI-EGGS[/QUOTE] I now reallyreallyreallyreally want mini eggs. I haven't had any since spring, damnit!
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