Snacks & Candy

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

Responding to report, company says no divestitures needed to raise financing

NORTHFIELD, Ill. -- Kraft Foods Inc. does not need to sell operations like Oscar Mayer hot dogs, Maxwell House coffee or any of its other brands to afford its $16 billion bid for British confectioner Cadbury, Kraft said on Tuesday, according to a Reuters report. "The financing for this proposal...

Cadbury defends rejection of Kraft bid in open letter

LONDON -- Cadbury PLC on Saturday defended its rejection of Kraft Foods Inc.'s $17 billion takeover bid, describing the U.S. food giant as a "low-growth conglomerate" whose offer fundamentally undervalues the U.K. confectioner, reported The Wall Street Journal . In an open letter to Kraft, Cadbury...

Most retailers predict merger would have little effect on c-store channel

NORTHFIELD, Ill. -- Kraft Foods' bid this week to purchase Cadbury PLC for $16.7 billion is more than an effort to grow the company. It is, instead, the "next step" in a turnaround plan Kraft has been working on for more than two years. "We are now ready to look ahead and take the next step," Kraft...

World Dairy Expo contest honors retailer's ice cream.
Iconic brand will enhance Lance portfolio, benefit from additional resources
Confectioner rejects takeover bid; deal with Hershey, Nestle, others possible
NPD: In-home snack occasions to grow nearly 20%
State expands sugary food, beverage tax on Sept. 1
Caffeinated meat snack offers boost equivalent of two cans of energy drink
President Barack Obama finally put his stamp on a token gift treasured by travelers of the presidential 747, reported the Associated Press, boxes of M&Ms.

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