Cadbury plc (CBRY)

Cadbury plc (CBRY) - Jon Cox at Kepler Equities

A 10 percent decline in cocoa costs would lead to a 1 percent increase in operating margins, even without more retail price increases, Jon Cox , the head of food and beverage research at Kepler Capital Markets in Zurich, said in an e mail Kraft, based in Northfield, Illinois, will acquire a Cadbury chocolate business that spent about 5 percent of its revenue on cocoa last year 

Cadbury plc (CBRY) - Jon Cox at Kepler Equities

"The fat chocolate lady, as it were, is singing," Jon Cox, an analyst at Kepler Capital Markets in Zurich, said in a Jan 19 interview predicting Kraft had Cadbury sewed up 

Cadbury plc (CBRY) - Christopher Growe at Stifel Nicolaus

Hershey shares have fallen 38 percent during the past five years, compared with an 11 percent drop in the Standard & Poor's 500 Index and a 10 percent gain for the S&P's Consumer Staples Index "We are concerned with Hershey in the post Kraft Cadbury world," said Chris Growe, an analyst at Stifel Nicolaus & Co in St Louis, in a research note last week The merger "makes international growth for Hershey a much more formidable task" Hershey, which gets about 86 percent of its sales in the US, is expected to boost revenue 7 percent by 2011, compared with 11 percent for Cadbury, according to the median estimates of analysts surveyed by Bloomberg 

Cadbury plc (CBRY) - New York Times - DealBook

If Kraft 's stock is any indicator, shareholders are ambivalent about the purchase of Britain's cherished candy maker, Cadbury . Yet debt investors handed over $95 billion to the food conglomerate on one of the gummiest days in the markets for ages Irene Rosenfeld, Kraft's chief, shouldn't take this confidence, however, as a robust validation of her acquisition strategy, Breakingviews warns 

Cadbury plc (CBRY) - Graham Jones at Panmure Gordon

Graham Jones, an analyst at Panmure Gordon in London, said Ms Rosenfeld had ''identified a fantastic strategic opportunity, a great combination, and played it right to get it at the right price'' ''The only thing you may question is if she should've had a rights issue to make an all cash bid to keep existing shareholders happy'' The final offer gives Cadbury holders 500 pence in cash and 01874 Kraft shares per Cadbury share Because of movements in the company's shares and the dollar exchange rate, the offer was worth about 830 pence a Cadbury share 

Cadbury plc (CBRY) - Dean Best at Just-Food

And so, with a 200 word formal statement, comes the end of Cadbury as an independent company. The UK confectioner, owner of brands from Dairy Milk and Wispa chocolate to Halls candy and Trident gum, is now part of US food giant Kraft Foods In an announcement this evening (2 February), Kraft said investors representing over 71% of Cadbury's outstanding shares had accepted the bid 

Cadbury plc (CBRY) - Simon Marshall-Lockyer at Jefferies

Cadbury's 186 years of independence came to an end on Tuesday as a majority of its shareholders accepted Kraft's £11.7bn takeover offer. Almost 72 per cent of shareholders accepted the US food group's offer by Tuesday's deadline, allowing the takeover to 

Cadbury plc (CBRY) - Gary Jenkins at Evolution Securities

KRAFT FOODS INC, which Moody's said will likely keep its investment grade ratings based on the agreed upon terms of its acquisition of Cadbury Plc, will "no doubt" soon sell new bonds in the US and Europe, that will probably be "very successful" in the current environment, Gary Jenkins, head of credit strategy at Evolution Securities Ltd in London, said in a Jan 20 note to clients 

Cadbury plc (CBRY) - Erin Swanson at Morningstar

"Beyond melding disparate corporate cultures, Cadbury's public dismissal of Kraft's business model and management decisions in recent months increases the challenges of this integration," Morningstar analyst Erin Swanson said 

Cadbury plc (CBRY) - Jeremy Batstone-Carr at Charles Stanley Securities

Charles Stanley analyst Jeremy Batstone Carr said UK shareholders in Cadbury were likely to dump the Kraft shares