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Protective Put Buying in Hershey
Thursday, January 7, 2010 - 11:06am | 181The Hershey Company (NYSE: HSY) is not a stock that pops up on trader’s screen too much due to its low volatility and stable business segments, but the chart on the stock is very, very clearly defined making trades in the stock textbook. For instance, the stock has been trading in a range and...
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Hershey (HSY) Urged By Cadbury (CBY) To Counter Kraft’s (KFT) Bid
Thursday, January 7, 2010 - 8:33am | 182According to the Wall Street Journal, there was a 24-hour drama in which Kraft (NYSE: KFT) raised its bid to acquire British confectioner Cadbury PLC (NYSE: CBY), which the latter rejected, and Berkshire Hathaway (NYSE: BRK), Kraft’s largest shareholder, moved to block a share offering to fund the...
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Hershey May Bid For Cadbury After All (HSY, CBY, KFT)
Wednesday, January 6, 2010 - 8:27pm | 268In the ongoing hostile takeover saga between Kraft Foods (NYSE: KFT) and Cadbury (NYSE: CBY), it had seemed that Hershey Co. (NYSE: HSY) was out of the running to be a White Knight savior for Cadbury (CBY) in their efforts to rebuff Kraft (KFT). Reports yesterday indicated that after Kraft had...
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CZZ: Buying Brazilian Sugar
Wednesday, January 6, 2010 - 6:39pm | 561Most investors stick with one game. Stock investors trade stocks. Foreign exchange connoisseurs trade currencies. Most investors stay away from commodities entirely. The low margin requirements and additional risk tend to attract speculators and repel the everyday investor. On the other hand,...
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Top 5 Large-Cap Stocks That May Keep Up Their Rally in Q1 (DTV, MHS MCD, CL, GIS)
Wednesday, January 6, 2010 - 1:39pm | 350Colgate-Palmolive (NYSE: CL) has a quick ratio of 0.7, which indicates less-than-ideal liquidity. However, CL’s leverage is better than the ideal level, as the company’s debt-to-equity ratio is 1.1. CL’s shares have risen 21% over the past year, exceeding the Dow Jones Industrial Average, albeit...
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Kraft (KFT) Manages Just 1.52 % Acceptance For Bid On Cadbury (CBY)
Wednesday, January 6, 2010 - 6:43am | 134Kraft Foods Inc. (NYSE: KFT) said that it had a 1.52 percent take-up from Cadbury (NYSE: CBY) shareholders for its hostile bid, but most shareholders are expected to wait to see if Kraft raises its bid before making their decisions. Kraft's bid is currently worth 765 pence or 10.5 billion pounds...
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MarkWest Sells Starfish Stake - Analyst Blog
Tuesday, January 5, 2010 - 3:28pm | 418Natural gas pipeline operator MarkWest Energy Partners LP (MWE) announced the sale of its 50% non-controlling interest in the Starfish Pipeline Company LLC to Enbridge Offshore (Gas Transmission) LLC, a unit of Canadian energy company Enbridge Inc. (ENB). The financial terms of the transaction were...
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Kraft’s Sweetened Bid For Cadbury Not Favored By Berkshire (KFT, CBY, BRK)
Tuesday, January 5, 2010 - 2:11pm | 109Berkshire Hathway (NYSE: BRK), the largest shareholder in Kraft Foods (NYSE: KFT) voted against Kraft’s proposal to authorize issuance of up to 370 million shares to help it buy Cadbury (NYSE: CBY) at a sweetened deal of $16.4 billion with a bigger cash portion. After Nestle’s exits from the race...
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BRK Votes Against Issuance of KFT Shares for CBY Acquisition
Tuesday, January 5, 2010 - 1:35pm | 113Berkshire Hathaway Inc (NYSE: BRK-A), the top stockholder in Kraft Foods Inc (NYSE: KFT), has voted against KFT’s proposal to issue a maximum of 370 million shares to help the company buy Cadbury (NYSE: CBY). BRK has, however, stated that it could reverse its decision after looking at the details...
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Company News for January 05, 2010 - Corporate Summary
Tuesday, January 5, 2010 - 10:10am | 232• Kraft (NYSE:KFT) announced plans to utilize proceeds from the sale of its Canadian frozen food operations to Nestle for $3.75 billion cash, raising the cash portion of its hostile bid for Cadbury (NYSE:CBY) by 97 cents per share. Cadbury maintained the offer remains derisory • Brightpoint (NASDAQ...
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KFT Sweetens Bid for CBY By Selling North American Pizza Unit
Tuesday, January 5, 2010 - 8:22am | 142In an effort to gain an edge over competing bids, Kraft Foods (NYSE: KFT) has sweetened its offer for Cadbury (NYSE: CBY) to £10.2 billion ($16.43 billion). Under the new bid, the cash element will be raised by roughly 60 pence a share, KFT said. KFT further clarified that it would reveal the exact...
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DMND To Achieve Robust Earnings Growth, Downgraded On Valuation
Monday, January 4, 2010 - 1:18pm | 124Analysts at BB&T Capital Markets downgrade Diamond Foods Inc (NASDAQ: DMND) from "buy" to "hold." According to BB&T Capital Markets, the downgrade in the rating is based valuation, following the 40% rise in the company's share price since May 2009. The analysts express their confidence...
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Company News for January 04, 2010 - Corporate Summary
Monday, January 4, 2010 - 10:07am | 188• European shares are up on merger news. Novartis (NYSE:NVS) took steps to acquire the rest of Alcon (NYSE:ACL) from Nestle for $28.1 billion, noting intentions to purchase the remaining shares • Media reports said Kraft Foods (NYSE:KFT) will raise its hostile bid for Cadbury (NYSE:CBY). Some...
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Wimm-Bill-Dann Foods Upgraded, While Preferred Bank Downgraded
Thursday, December 31, 2009 - 10:25am | 126Wimm-Bill-Dann Foods OJSC (ADR) (NYSE: WBD) was today upgraded by Citigroup from Hold to Buy. As a result, shares of Wimm-Bill-Dann Foods have climbed up 5.09% to $22.49 in the pre-market session. The 52-week trading range for WBD is $5.38 - $24.00. So far in the current year, WBD has gained over...
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Benzinga’s Top Stocks Picks of 2010 (NVS, CAT, SMBL)
Thursday, December 31, 2009 - 7:18am | 201Novartis (NYSE: NVS) has a high payout ratio of 71%. The company’s stock has risen by 9.81% in the past 52 weeks, as compared to a rise in the S&P500 of 24.71%. Deutsche Securities initiated coverage of NVS with a “buy” rating. NVS has announced the acquisition of the worldwide rights to an...