Created Mon 7th Sep 8:37am PST by

oocares Level 13, Psychic (H$56,045)

Will Kraft Foods take over Cadburys by 1st April, 2010?

Background: US snacks company Kraft Foods launched a 10.2 billion pound bid for its British rival Cadbury on Monday, with traders expecting the price to run higher as takeover activity returns to the markets.
Cadbury said it had rejected the offer, worth the equivalent of 16.7 billion dollars or 11.7 billion euros, but Kraft said it hoped the British confectionery giant would eventually jump on board.
http://uk.news.yahoo.com/18/20090907/tbs-kraft-foods-launches-cadbury-takeove-8cc5291.html

Settlement details:As reported by a major mainstream news source.

Forecast history %

Yes

57%

43%

Question suspends in 18 weeks

Activity: H$18,818
Predictions: 30
Comments: 3

Suspend date: Thu 1st Apr 2010 11:59pm PST (18 weeks to go)

Initial likelihoods: Yes: 40%

Action history:

Created Mon 7th Sep 8:37am PST by

oocares Level 13, Psychic (H$56,045)

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Suspend date: Thu 1st Apr 2010 11:59pm PST (18 weeks to go) details

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Predictions (30)

4 weeks ago

simonbourne Level 12, Guru (H$25,882)

predicted No (H$300 at 43%)

4 weeks ago

ghostbuster Level 12, Guru (H$33,751)

predicted No (H$50 at 43%)

7 weeks ago

bintulubabe Level 14, Prophet (H$243,239)

predicted Yes (H$4,000 at 53%)

10 weeks ago

indie1977 Level 11, Legend (H$23,323)

predicted No (H$100 at 49%)

10 weeks ago

flexy101 Level 10, Genius (H$13,789)

predicted No (H$100 at 49%)

Comments (3)

oocares Level 13, Psychic (H$56,045)

Kraft looks set to go hostile in bid for Cadbury
Kraft is in talks with Citigroup and Deutsche Bank to arrange finance for its £10.2bn bid to buy Cadbury, in a sign that the US giant is prepared to go hostile.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/6164184/Kraft-looks-set-to-go-hostile-in-bid-for-Cadbury.html

posted 10 weeks ago

oocares Level 13, Psychic (H$56,045)

Kraft Foods has been told by the UK's Takeover Panel it must decide whether or not to make a formal offer for Cadbury by 1700 GMT on 9 November.

If it does not make an offer, then Kraft will be blocked from making a bid for Cadbury for six months.
.
http://news.bbc.co.uk/1/hi/business/8282605.stm

posted 7 weeks ago

ghostbuster Level 12, Guru (H$33,751)

Cadbury fight back http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/6359991/Cadbury-reveals-profit-margins-and-sales-growth-are-on-track.html

posted 4 weeks ago