The Business Standard reports Hershey is wants to borrow the money to buy Cadbury, the British hatchery of those delightful Easter basket treats, for 10.3 billion pounds -- that's 195 bazillion in U.S. dollars.
Kraft is also going after Cadbury, and Augustus Gloop (who has changed his name to distance himself from that embarrassing incident in which he fell into Wonka's chocolate river as a boy) is being coy about which suitor he'll let romance him:
Attributing to Cadbury Chief Executive Todd Stitzer, the report said, Stitzer has indicated support for a possible tie-up with Hershey, rather than Kraft.
"I would prefer Cadbury to be in an environment where its values and principles could continue," the report said citing Stitzer.
If the company's "values and principles" are giving you tummy aches with delicious food, either company is entirely capable.
JP Morgan, BofA gear up to fund Hershey's Cadbury bid [Business Standard]
(Thanks, NORMLgirl!)
Maybe like us they can't edit their posts.
]]>Personal experience?
]]>Didn't you guys check for grammar before posting
]]>I turned into an Easter basket snob. The chocolate bunnies from cheapo companies tasted wrong, and Cadbury bars tasted better than Hershy bars - I knew it at 6.
I wasn't aware that Hershey still went on to change a lot of their chocolate to be chocolate flavored. I think only Kisses and the regular Hershey chocolate bars survived that fate.
]]>But it will not be done in a computer simulation. Fiefdoms will be shattered ,egos will be bruised and all hell will break loose once two companies of this size shack up. There will be payoffs to upper management that will gobble money like an 8 year old let loose in a candy store. There will be nooks and crannies in the company that will remain sacred cows for restructure because they are some managers pet. There will be layoffs as two try to live as cheaply as one. Finally ,the product will be homogenized ,adulterated , and cheapened because the truth is that post-merger ,the accountants will have much more power than you can imagine.
Somebody needs to say it: No matter how many cutesy ads they run ,Hersheys chocolate tastes like chewing on a votive candle that has fallen into the cocoa box. They will do it to Cadbury too.
BTW , I almost did a Dr. Pepper noser when I read about "values and principles" being a consideration in this deal. Translation- Bid higher
]]>FYI, next time you're feeling too lazy to look up exchange rates, just google "10.3 billion pounds in usd" and it will spit out "10.3 billion British pounds = 17.06298 billion U.S. dollars", so now you have no excuses.
I think temperature and age of the chocolate have a lot to do with this.
]]>
Really....
I will offer you $3.50 and a drawing of a spider (rarer than gold these days) if you will back out of negotiations with Cadbury.
Kthxbai!
Sincerely,
PecanPi
but any of you can notice because the Hershey's of like 5 years ago would crack when you "broke" it... the Hershey's of today bends and sorta stretches until it finally breaks.
]]>I actually noticed this once they went to that plastic wrapper instead of the paper foil.
]]>