Sometimes the wait can be worth it. Kraft’s sweetened offer for Cadbury followed four months of drooling over the British chocolatier that must have seemed like four years for Irene Rosenfeld, Kraft’s chief executive. But the delay had its benefits. Though the cheese and crackers conglomerate will have to raise more money to fund the final deal, that's become easier and cheaper since Kraft launched its bid.
The Great Debate UK
Dutch brewer Heineken has managed a delicate balancing act in clinching the auction for the beer business of Mexico's FEMSA. Despite outbidding SABMiller, the deal is in line with prices paid for growing Latin American markets. Meanwhile, Heineken's all-share offer keeps debt under control while leaving its founding family in charge.