Kraft submitted an unsolicited bid to purchas Cadbury's for $16.7 billion over the weekend.The bid was rejected, and stock in Cadbury's has increased 41% today on anticipation that Kraft will raise its bid or another company (Hershey's and Nestle are mentioned as possibilities) will submit its own bid.
Kraft makes Oreo's and Ritz, a couple of my staples. They've been weathering the recession fairly well courtesy of their "convenience" foods, which include DiGiorno frozen pizza and Oscar Mayer sandwich meats.
In addition to chocolate, Cadbury's makes gum (Trident), and it sounds as though the gum business may be on the rise.
297. How much do I spend per month on sweets?
298. As between cookies, candy bars, and ice cream: which would most doctors say is more nutritious than the others?
