(Crain’s) — Kraft Foods Inc. has reached a $19-billion deal to buy British candymaker Cadbury PLC, the New York Times reported late Monday.The deal, which could not be independently confirmed, would make Northfield-based Kraft the world’s largest candymaker. It also would represent a triumph for Kraft CEO Irene Rosenfeld, who pursued Cadbury for four months.
Posts Tagged ‘Tuesday Morning’
Berkshire Hathaway votes against Kraft deal for Cadbury
January 6th, 2010 
Before You Invest (AP) — Kraft Foods Inc.’s hostile bid for Cadbury PLC grew more contentious Tuesday as Warren Buffett’s Berkshire Hathaway sternly warned against the deal, even as Kraft sweetened its offer.Kraft plans to sell its North American frozen pizza business, whose brands include Tombstone and DiGiorno, to Nestle SA for $3.7 billion.It plans to use the proceeds of the sale of this quick-growing businesses to raise the cash part of its bid for British candy maker Cadbury.Berkshire Hathaway, Kraft’s largest shareholder, said later Tuesday morning that it voted against Kraft’s proposal to issue shares to finance part of the $16.5 billion bid, saying it was worried it gave Kraft a “blank check” to raise the bid even higher.
Posted in Finance Fraud 
Tags: Berkshire Hathaway, Blank Check, British Candy, Cadbury World, Candy Bars, Candy Maker, Cash Portion, Dairy Milk, Digiorno, Feb 2, Food Company, Frozen Pizza, Hostile Bid, Kraft Foods Inc, Michael Mitchell, Pizza Business, Shareholder Votes, Suitor, Tuesday Morning, Warren Buffett 
No Comments »Warren Buffett buys Koenig & Strey
September 1st, 2009 Before You Invest (Crain’s) — A unit of billionaire Warren Buffett’s investment firm Berkshire Hathaway Inc. has bought Koenig & Strey GMAC Real Estate, one of the Chicago area’s largest residential real estate firms.Wilmette-based Koenig & Strey has been rumored to be for sale for some time, but the recession and declining housing market made finding a buyer more hard.
Posted in Finance Fraud Tags: Ayers, Berkshire Hathaway, Berkshire Hathaway Inc, Billionaire, Brookfield, Chicago Area, Corporate Relocation, Crain, Gmac Real Estate, Homeservices Of America, Housing Market, Investment Firm, Koenig Strey, Real Estate Professionals, Residential Property Services, Residential Real Estate, Sales Volume, Tuesday Morning, Warren Buffett, Wilmette No Comments »Alleged $8 Billion Dollar Fraud by Texas Financier Stanford
February 17th, 2009 Before You Invest (AP Writer Monica Rhor in Houston)On Feb. 17th, AP reported that federal regulators charged Texas financier R. Allen Stanford and three of his firms with a “massive” fraud that centered around high-interest-rate certificates of deposit, and raided some of the companies’ offices. Probably most shocking is that the guy’s a Baylor grad!
Posted in Finance Fraud Tags: Ap Writer, Cd Program, Certificates Of Deposit, Chief Investment Officer, Cnbc, False Promises, High Interest Rate, High Interest Rates, Investment Adviser, Investment Scheme, Laura Pendergest, Massive Fraud, R Allen, Return Profits, Rhor, Securities And Exchange Commission, Stanford Financial, Stanford Group, Tuesday Morning, Video Report No Comments »
