Buffett “Feels Poorer” Based on Terms of Cadbury Deal
In a CNBC interview this morning prior to the special meeting of Berkshire Hathaway shareholders, Warren Buffett comments on a number of topics including the Obama Administration's proposed bank tax. Mr. Buffett does not believe that banks are making "obscene ...
Hershey’s Potential Bid for Cadbury Involves Buffett’s Favorite Banker
The Financial Times reports that Hershey is getting closer to finalizing the terms of a counter-bid to Kraft’s hostile £10.4 billion bid for Cadbury. The war of words between Kraft and Cadbury has escalated in recent days as Cadbury’s management ...
Buffett Opposes Kraft’s Request for “Blank Check” in Cadbury Bid
In a press release issued by Berkshire Hathaway this morning, Kraft management is criticized for seeking a “blank check” which will allow the company to issue up to 370 million shares in order to facilitate an offer for Cadbury. The ...
Kraft’s Hostile Bid for Cadbury Highlights Power of Economic Moats
The drama associated with Kraft's hostile takeover bid for Cadbury has been widely reported in recent weeks. With Kraft's decision earlier this week to make a formal bid that did not sweeten the terms of the original offer, it appears ...