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Kraft made its initial proposal on 28 August after a meeting earlier that day between Irene Rosenfeld, Kraft chairman and chief executive, and Roger Carr, chairman of Cadbury.
Cadbury’s board had rejected the proposal, Kraft said, adding that it was.
Cadbury PLC, the world’s biggest candy maker, said Wednesday that it has reached a conditional agreement to sell its Australian drinks business to Asahi Breweries, Ltd. for 550 million pounds ($808 million).
Cadbury PLC, the world’s biggest candy maker, said Tuesday it expects a strong rise in profits for 2008 despite seeing sales growth in North America slow in the fourth quarter.
Hong Kong said Sunday it found two Cadbury chocolate products contained considerably more of the industrial chemical melamine than the city’s legal limit in a growing scandal over tainted food made in China.
A Cadbury spokesman says preliminary results show its Chinese-made chocolates contain the industrial chemical melamine.
British chocolate maker Cadbury said Monday that tests have “cast doubt” on the safety of its Chinese-made products and ordered a recall, the latest foreign company affected by China’s tainted milk scandal.
The Hong Kong government says British sweet maker Cadbury is recalling its Chinese-made chocolates as a precaution.
Shareholders in Cadbury Schweppes PLC voted overwhelmingly Friday in favor of spinning off the candy company’s North American beverage business, whose brands include Snapple and Dr Pepper.The business, to be called Dr Pepper Snapple Group Inc., will be...
Cadbury Schweppes PLC reported strong growth in first quarter global confectionary sales on Friday but slower growth in its North American beverage unit, which it plans to spin off next month.The maker of Dairy Milk chocolate and Trident chewing gum...
Cadbury Schweppes PLC, the maker of Dairy Milk chocolate, said Monday that Nelson Peltz’s Trian Group raised its stake in the business to 4.5 percent.Trian previously held 3.47 percent of Cadbury, the company said in a statement. Cadbury did not...
Cadbury Schweppes PLC appeared to end months of speculation about the future of its U.S. beverage business, announcing Wednesday it would spin off the maker of Snapple and Dr Pepper rather than sell it.Cadbury said it would issue shares to its own...
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