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January 20, 2010

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK’s Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant of Peter Leach LLP

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK's Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant. 

The proud third-generation Italian business, with a turnover of €6.2 billion and a string of industry awards to its name, recently shocked the business community with its sudden withdrawal in the high profile battle against, amongst others, the US goliath Kraft.

January 19, 2010

Felicity Loudon, fifth-generation of the founding Cadbury family, said the news that Cadbury has agreed the terms of a takeover by Kraft was awful. “It’s a horror story,” she told the BBC this morning.

Felicity Loudon, fifth-generation of the founding Cadbury family, said the news that Cadbury has agreed the terms of a takeover by Kraft was awful. "It's a horror story," she told the BBC this morning.
 

January 13, 2010

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning.

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning. 

The decision was made by Michele Ferrero, the group's chairman and family patriarch, people familiar with the situation told the Financial Times. It is understood Michele Ferrero believed going forward with the bid would create too much debt for the company.

October 8, 2009

As the confectionery world waits to see the outcome of Kraft Foods’ recent surprise bid for Cadbury, many different story lines have developed, including the influence of prominent family businesses, writes Otis Baskin

Otis W Baskin is an associate of The Family Business
Consulting Group and professor of management at the Graziadio School of
Business, Pepperdine University.

 

As the confectionery world waits to see the outcome of Kraft
Foods' recent surprise bid for Cadbury, many different story lines have
developed. 

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