The Great Debate UK

from Breakingviews:

Kraft’s wait for Cadbury helps square debt circle

January 20, 2010

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.

from Breakingviews:

Heineken squares circle with FEMSA beer deal

January 11, 2010

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.

Fortis rebels flog a dead cheval

May 12, 2009

REUTERS– Margaret Doyle is a Reuters columnist. The opinions expressed are her own –

The rights road to Rio

May 6, 2009

– Neil Collins is a Reuters columnist. The views expressed are his own –
REUTERS
Shareholders in Rio Tinto would very much like to buy a bond yielding 9 percent, convertible into ordinary shares at $45, a tiny premium to today’s price of 29.30 pounds.