DealZone Daily

January 11, 2010

British bid target Cadbury will paint a glowing picture of its prospects this week as it makes an  impassioned plea for independence and endeavours to fend off Kraft’s advances.  Meanwhile, Italian chocolate-makerFerrero is still undecided on whether or not to bid for the embattled confectioner but has lined up a $4.5 billion loan from Mediobanca, The Times writes, citing Italian news reports over the weekend.

In another multi-billion M&A process, Dutch brewer Heineken will pay $5.4 billion in shares to acquire the beer business of Mexico’s FEMSA.

For other deals news from Reuters, click here.

And in other media:

Richard Branson has approached US buyout giant Blackstone about backing a bid for Northern Rock’s “good bank” being spun out of the state-owned lender, according to the Daily Telegraph.

Formula One boss Bernie Ecclestone and Luxembourg-based investment firm Genii Capital, which recently agreed a deal to buy a stake in the Renault F1 team, will soon have initial financing in place to fund a purchase of Swedishcarmaker Saab, Dagens Industri reports. Reuters story here.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see