Hershey makes tempting but sticky takeover target

June 30, 2016

The $25 bln confectioner belongs with Mondelez's Cadbury. CEO Irene Rosenfeld may sniff sweet opportunity as the charitable trust that blocked past Hershey bids is roiled by scandal, and rival Kraft Heinz is still digesting its mega-deal. But it won't come cheaply.

Life’s like a box of chocolates for Lindt owners

July 14, 2014

Investors in the Swiss confectioner didn’t know they were going to get Russell Stover, the $1 bln-plus U.S. firm whose gift box starred in Forrest Gump. They still don’t know exactly what Lindt paid. Cost savings will be slim. This is about selling more chocs in middle America.

Cash not culture to decide Cadbury fate

November 30, 2009

By positively encouraging a white knight counter-offer to Kraft's cash and share bid, Cadbury's CEO and his advisers are working on the premise that this is the best way of squeezing a higher price out of Kraft.

A Carnival instead of a wake for Cadbury

November 23, 2009

It may be fantasy M&A, but little GFI Securities has a suggestion for putting Cadbury and Hershey together without bankrupting the buyer. Compared to the blunderbuss approach from Kraft, it’s elegant and at least provides some food for thought.

Cadbury/Ferrero, a sweet dream

November 17, 2009

There is some logic to a combination. Analysts at Nomura estimate the two companies could deliver savings of 350 million pounds ($587 million), some 3 percent of their joint sales -- not far behind Kraft's $625 million synergy target.