Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield of Cadbury have announced today that they will step down from the British confectioner.
The three bosses announced their resignations following a shareholder vote which will see US food giant, Kraft, takeover the 186-year-old iconic British company in a £11.5 billion ($18.9 [...]
Italian firm Ferrero, which makes Nutella chocolate spread and Ferrero Rocher chocolates, has declared itself out of the running for Cadbury.
Late last year it was reported that US-based Hershey Co in partnership with Ferrero, were considering a bid for Cadbury.
Hershey is the largest chocolate maker in the US and is controlled by the charitable Hershey [...]
British confectioner Cadbury, renowned for Dairy Milk chocolate, urged shareholders today not to let Kraft “steal your company with its derisory offer“.
Cadbury chairman, Roger Carr, delivered the statement after it said it had enjoyed an “outstanding” performance in 2009, which exceeded market expectations.
It said underlying revenues were up 5% in 2009, with a 6% [...]
Roger Carr, chairman of British confectionery giant Cadbury, described its US rival’s £10.2 billion takeover offer as an “unappealing” and “unattractive prospect”.
Last week, US food giant Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange and Toblerone, approached Cadbury with the unsolicited offer, which the maker of Dairy [...]