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******* agrees Kraft takeover bid

This is a discussion on ******* agrees Kraft takeover bid within the Coffee Room forums, part of the The House of Commons category; ******* is to be taken over by the American food company Kraft after its board approved a new increased bid, ...

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    ******* agrees Kraft takeover bid

    ******* is to be taken over by the American food company Kraft after its board approved a new increased bid, the BBC has learned.
    The ******* board will advise its shareholders to accept a new offer of 840 pence a share - valuing the company at £11.5bn.
    ******* shareholders will also receive a dividend of 10 pence a share, BBC business editor Robert Peston says.
    The deal will bring to an end months of animosity between the two companies.
    The offer will consist of 500 pence in cash, with the rest made of Kraft shares. Kraft will borrow £7bn ($11.5bn) to finance the deal.



    BBC News - ******* agrees Kraft takeover bid




    crap...

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by LA View Post
    crap...
    Coming soon, ******* branded Cheez Whiz! Yummy! Yer gonna love it LA
    I wonder why the things that should be so simple, so natural... like loving someone and letting them see into your heart... should require so much courage?

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    Re: ******* agrees Kraft takeover bid

    Americanisation is complete
    "The object of universities is not to make skilful lawyers, physicians or engineers. It is to make capable and cultivated human beings." John Stewart Mill

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Opinionated View Post
    Americanisation is complete
    Chocolate is Chocolate .... Kraft haven't bought an established brand for £11 billion to destroy it.
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Tete123 View Post
    Chocolate is Chocolate .... Kraft haven't bought an established brand for £11 billion to destroy it.
    Wait until the accountants change the recipe to cheaper ingrediants.Also, IT'S THE PRINCIPLE!!! This is the company who led the field in altruistic treatment of it's workforce actually building them a village with sports facilities on site etc. it shouldn't become a small part of a big corporation who couldn't care less about anything but the bottom line!
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Opinionated View Post
    Wait until the accountants change the recipe to cheaper ingrediants.Also, IT'S THE PRINCIPLE!!! This is the company who led the field in altruistic treatment of it's workforce actually building them a village with sports facilities on site etc. it shouldn't become a small part of a big corporation who couldn't care less about anything but the bottom line!
    That's globalisation for you! Companies of course will always look at the bottom line and reduce costs if they can. They have a responsibility to their shareholders who have invested in the company - without which it is unlikely the company would be able to produce anything of quality, if at all. It's no different to a family who live on a budget and find ways to cut down on monthly expenditure. It's good *******'s were altruistic, but that is in the past - times and principals change.

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    Re: ******* agrees Kraft takeover bid

    *******'s may make a very popular chocolate, but Swiss chocolate, in the minds of many people, is superior.

    Whatever happens, they should keep the brand name, "Kraft dairy milk chocolate" doesn't sound quite right, does it?
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Opinionated View Post
    Wait until the accountants change the recipe to cheaper ingrediants.Also, IT'S THE PRINCIPLE!!! This is the company who led the field in altruistic treatment of it's workforce actually building them a village with sports facilities on site etc. it shouldn't become a small part of a big corporation who couldn't care less about anything but the bottom line!
    I always found the part of the *******'s World tour regarding the building of Bournville quite sinister. I got the impression it was more of a control thing than genuine altruism.
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by JacquesMagique View Post
    I always found the part of the *******'s World tour regarding the building of Bournville quite sinister. I got the impression it was more of a control thing than genuine altruism.
    Sounds to me like what American companies did ages ago. Build a company town/village, open a company store and keep the workers in debt to the company. Definitely control.
    I wonder why the things that should be so simple, so natural... like loving someone and letting them see into your heart... should require so much courage?

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    Re: ******* agrees Kraft takeover bid

    UK's biggest shareholder says bid undervalues *******

    *******’s biggest UK shareholder threw a potential spanner in the works of an £11.9 billion agreed takeover bid by Kraft, of the United States, tonight by publicly denouncing the deal on price grounds.

    Legal & General Investment Management (LGIM), which holds 5.1 per cent of the British confectionery group, said that the 850p cash-and-shares bid by Kraft did not reflect the long-term value of the company.

    Mark Burgess, head of active equities for LGIM, said: “We are disappointed management have recommended the offer for this iconic and unique British company, but are grateful for the constructive way they have engaged with us throughout the process.”

    LGIM, which is the biggest single investor in listed companies in the UK, did not say whether it would be voting against the deal, which was formalised by the boards of ******* and Kraft this morning after dramatic meetings during the early hours.

    Kraft needs to secure the support of 90 per cent of *******'s shareholders, although it has reserved the right to reduce that level to 50 per cent if it chooses.

    LGIM is among the most highly respected of Britain's institutional investors and its comments, although unlikely to derail the deal completely, could spark fresh opposition from other UK shareholders and make it harder for Kraft to secure acceptances.

    LGIM declined to comment beyond a statement issued after the market closed today.

    The full story is available from here : UK's biggest shareholder says bid undervalues ******* - Times Online
    "Of all tyrannies, a tyranny sincerely exercised 'for the good of its victims' may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us 'for our own good' will torment us without end for they do so with the approval of their own conscience." -- C.S. Lewis

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Opinionated View Post
    Wait until the accountants change the recipe to cheaper ingrediants.
    I don't know if *******s can get any cheaper than they are already.
    Why can't Jesus eat M&Ms?
    Because they keep falling through the holes in his hands!


    Jesus may love you, but he won't respect you in the morning.



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    Re: ******* agrees Kraft takeover bid

    As long as they keep making *******'s creme eggs I'm okay with it.

    EDIT: There is this though http://news.bbc.co.uk/1/hi/business/8468540.stm

    I suppose job cuts are to be expected though, another UK brand suffering in the market
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    Re: ******* agrees Kraft takeover bid

    Hi,

    it just doesn't sound very big deal when an American company buys a chocolate bar company - BIG DEAL.

    Had you noticed without ANY sale the British Government gave Chorus Steel £1.2 BILLION to shut down Redcar Lose 1,000s of jubs, lose our British firm with British profits. Did you notice this was £1.2 Billion of tax payers' money extorted from us for one of the richest men in the world Mr. Tata with presumably a cut for the scheister Pachauri!

    Did you notice whilst the American company honourably bought our choccy company!

    Did you note that we pay The EU £40Million or £1.8 Million an hour to the EU to get nothing worth having back but we still had to match fund the junk developements.

    A choccy bar company SOLD to America - what about Abbey going to Portugal and now owned in Portugal.

    What about the printing of money to hide the lies.

    Notice the Nuclear industry now owned by France - as with British Gas (A French Co.)

    Or Water Companies French owned.

    Put *******'s in perspective!!

    Regards,
    Greg L-W.

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    Re: ******* agrees Kraft takeover bid

    Greg,

    Just a couple of things

    1/ The Abbey; now Santander, is Spanish owned
    2/ British Gas is owned by Centrica and BG Group, which have their HQ based in Windsor and Reading respectively.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by DTE View Post
    As long as they keep making *******'s creme eggs I'm okay with it.
    And as long as their fleet of mobile creme eggs stays on the road too!

    Barry likes this.
    "Of all tyrannies, a tyranny sincerely exercised 'for the good of its victims' may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us 'for our own good' will torment us without end for they do so with the approval of their own conscience." -- C.S. Lewis

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by DTE View Post
    As long as they keep making *******'s creme eggs I'm okay with it.
    also lets hope they keep jaffas and pineapple lumps.
    Why can't Jesus eat M&Ms?
    Because they keep falling through the holes in his hands!


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    Re: ******* agrees Kraft takeover bid

    The end of another British institution, and I hate American chocolate it tastes of vomit.
    At a time when we're having to take such difficult decisions about how to cut back without damaging the things that matter the most, we should strain every sinew to cut error, waste and fraud.

    You will feel the full force of the law and if you are old enough to commit these crimes you are old enough to face the punishments. And to these people I would say this: you are not only wrecking the lives of others, you are potentially wrecking your own life too.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Ian The Poet View Post
    The end of another British institution, and I hate American chocolate it tastes of vomit.

    American chocolate is practically the same as the majority of British chocolate.
    Why can't Jesus eat M&Ms?
    Because they keep falling through the holes in his hands!


    Jesus may love you, but he won't respect you in the morning.



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    Re: ******* agrees Kraft takeover bid

    Hercshey's tastes horrible, especially the milk one.
    At a time when we're having to take such difficult decisions about how to cut back without damaging the things that matter the most, we should strain every sinew to cut error, waste and fraud.

    You will feel the full force of the law and if you are old enough to commit these crimes you are old enough to face the punishments. And to these people I would say this: you are not only wrecking the lives of others, you are potentially wrecking your own life too.

    (David Cameron) (Some of his lies.)

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    Re: ******* agrees Kraft takeover bid

    I've said it before and I'll say it again:

    IT'S ONLY CHOCOLATE!
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Tete123 View Post
    I've said it before and I'll say it again:

    IT'S ONLY CHOCOLATE!
    No the Americans cannot make chocolate. Anyway once the Americans takeover ******* They'll close it down as non-profitable, probably not straight away.
    At a time when we're having to take such difficult decisions about how to cut back without damaging the things that matter the most, we should strain every sinew to cut error, waste and fraud.

    You will feel the full force of the law and if you are old enough to commit these crimes you are old enough to face the punishments. And to these people I would say this: you are not only wrecking the lives of others, you are potentially wrecking your own life too.

    (David Cameron) (Some of his lies.)

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Ian The Poet View Post
    No the Americans cannot make chocolate. Anyway once the Americans takeover ******* They'll close it down as non-profitable, probably not straight away.
    I doubt that'll happen Ian, not with an $11.5 billion loan to service! But I quite agree about the chocolate....
    "Of all tyrannies, a tyranny sincerely exercised 'for the good of its victims' may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us 'for our own good' will torment us without end for they do so with the approval of their own conscience." -- C.S. Lewis

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Ian The Poet View Post
    No the Americans cannot make chocolate. Anyway once the Americans takeover ******* They'll close it down as non-profitable, probably not straight away.
    I doubt they would be buying such a popular and respected brand simply to get rid of a competitor.
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Tete123 View Post
    I've said it before and I'll say it again:

    IT'S ONLY CHOCOLATE!
    "It's only chocolate" does not compute in a woman's mind, Tete.
    Jesus said,
    "I am the Way, the Truth, and the Life, no man comes to the Father, but by Me".



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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Tete123 View Post
    times and principals change.
    Not necessarily for the better. Don't expect a change for the worse to be swallowed without complaint.
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Midas View Post
    I doubt that'll happen Ian, not with an $11.5 billion loan to service! But I quite agree about the chocolate....
    And if, Midas, you had grown up in the US, you'd probably say the same about English chocolate so let's be fair shall we. Besides everyone who knows anything about chocolate knows only the Swiss and the Belgians know how to make good chocolate.
    I wonder why the things that should be so simple, so natural... like loving someone and letting them see into your heart... should require so much courage?

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Don View Post
    And if, Midas, you had grown up in the US, you'd probably say the same about English chocolate so let's be fair shall we. Besides everyone who knows anything about chocolate knows only the Swiss and the Belgians know how to make good chocolate.
    Hi,

    surely everyone who claims to know anything about chocolate is conversat with the Spanish saying:
    'In taste there is nothing written'.

    I find sour milk repugnanant yet many of the Africans who lived on my property and worked for me would take fresh milk and leave it in the sun until sour.

    I am unimpressed with fish jam with pips and salt sauce yet many will pay huge amounts for Baluga caviar.

    I actively dislike Belgian chocolate but enjoy most Swiss chocolate.

    I dislike almost all British confectionary products as they are too sweet for my taste and many contain salt - which I believe should be unlawful for manufacturers and wholsesalers to use in pre made foods.

    Indeed for a rare change the Spanish have managed to get something right!

    Regards,
    Greg L-W.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Kiwi 1691 View Post
    American chocolate is practically the same as the majority of British chocolate.
    ....in much the same way as New Zealanders are much the same as Australians; they may appear to be the same but upon closer examination they are not.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by The Untalented Mr Ripley View Post
    ....in much the same way as New Zealanders are much the same as Australians; they may appear to be the same but upon closer examination they are not.
    What I mean, is most mass-produced chocolate nowadays is surgery rubbish. It is in the USA and it is in the UK.

    Like how can you call something with like 30-40% cacao, chocolate.
    Why can't Jesus eat M&Ms?
    Because they keep falling through the holes in his hands!


    Jesus may love you, but he won't respect you in the morning.



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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Tete123 View Post
    IT'S ONLY CHOCOLATE!
    Go and wash your mouth out with soap! You might just as well say "it's only oxygen"!
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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Kiwi 1691 View Post
    What I mean, is most mass-produced chocolate nowadays is surgery rubbish. It is in the USA and it is in the UK.

    Like how can you call something with like 30-40% cacao, chocolate.
    Hi,

    why not?

    I had a friend with a cat called Chocolate!

    My friend's cat and Hirshy Bars or Mars Bars all had about as much in common with chocolate!

    Regards,
    Greg L-W.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by Opinionated View Post
    Go and wash your mouth out with soap! You might just as well say "it's only oxygen"!
    Hi,

    Oh a bit like blaming temperature on carbon!

    Regards,
    Greg L-W.

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    Re: ******* agrees Kraft takeover bid

    Quote Originally Posted by DTE View Post
    As long as they keep making *******'s creme eggs I'm okay with it.
    Really?

    Cad.bury's has stopped making the creme egg here in NZ and is importing the vastly inferior eggs from the UK. The eggs from the UK taste so foul, I don't know how you Brits can like the creme egg. There is a huge controversy over here.

    ******* has been caught with egg on its face over yet another change to a Kiwi favourite.
    Following a shake-up of the confectionery giant's operations last year, Creme Eggs are no longer made in Dunedin for distribution around New Zealand and Australia, as they have been since 1983.
    British-made Creme Eggs are being imported for the first time and customers are wondering what has happened.
    The public backlash is the last thing ******* needs after last year's controversy over palm oil being added to chocolate, and the 2008 furore over the axing of Kiwi classics Snifters, Sparkles and Tangy Fruits.
    Dismayed Aucklander Megan Kenney started a Facebook group called ******* Creme Eggs are Rotten! after discovering this year's batch of the gooey Easter treat had "turned to crap".
    "I went to buy one the other day and it was so disgusting I had to rinse my mouth out," says Kenney, 36.
    Creme Egg fans say UK imports no yolk - National - NZ Herald News

    Also, why is Cad.bury censored?
    Why can't Jesus eat M&Ms?
    Because they keep falling through the holes in his hands!


    Jesus may love you, but he won't respect you in the morning.



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    Re: ******* agrees Kraft takeover bid

    Cad.bury is obvio.usly a dirty word on a pol.itical forum, like Tes.co and perhaps even Sains.bury. Talk about being treated like chil.dren.
    It's just come to me - I bet it is part of the Goog.le ads agree.ment.
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    Last Post: 27-03-2011, 12:38 AM

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