Snacks & Candy

Snacks and candy category news for the convenience store retail industry.

Cadbury, Hershey talk; U.K. confectioner resisting Kraft hostile takeover bid

LONDON -- Board members at Cadbury PLC, resisting a hostile takeover bid by Kraft Foods Inc., have held talks with directors at Hershey Co. to encourage a rival offer, several people familiar with the matter told The Wall Street Journal . The Cadbury board members have told the Hershey directors...

Says already offering to much; Nestle won't pursue confectioner

OMAHA -- Warren Buffett's Berkshire Hathaway Inc. issued a stern warning to Kraft Foods CEO Irene Rosenfeld, according to a Reuters report, saying it opposed the food maker's plan to float new shares in pursuit of U.K. confectioner Cadbury Plc. It was the strongest statement yet by Berkshire...

Hershey may make its own offer

NEW YORK -- Cadbury PLC investors are doggedly holding out for a sweeter takeover offer from Kraft Foods Inc. or another bidder, making it likely that Kraft will get few shareholder acceptances of its hostile bid by this week's deadline, according to a Dow Jones report. Kraft has set a deadline of...

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Austin was previously with Abbott, E A S, ConAgra, Kraft
Companies trade statements, responses on acquisition offer
Just Born opens Peeps & Co. retail outlet near D.C.
Retailer stocking Probiotic Kefir Wellness Bars along with drinkable versions