September 2, 2002 |
Britain's Cadbury Schweppes was reported to have held talks with Nestle about teaming up in a bid for Hershey Foods Corp., but sources close to the matter on Sunday downplayed talk of a joint bid. Both the Business newspaper and the Mail on Sunday said Cadbury and Nestle have discussed plans to link up and divide Hershey's assets between them. Cadbury declined to comment on the reports.
August 23, 2002 |
Confectionery giant Cadbury has apologized for an advertisement that compared the disputed Kashmir region to a chocolate that "you'd love to share but won't." The ad in a newspaper in Bombay, India, featured a map highlighting the boundaries of the nation's Jammu and Kashmir state--the Indian-controlled part of a region both India and Pakistan claim. Members of India's ruling political party accused the company of trivializing the issue.
September 19, 2000 |
Cadbury Schweppes, the British company known for its bubbly tonic water, agreed Monday to buy the Snapple line of tea and juice drinks from Triarc Cos. The beverage and candy maker would also add Royal Crown, Diet Rite and Nehi to its roster of carbonated soft drinks led by 7-Up and Dr Pepper under the deal announced Monday with Triarc, based in New York. That would boost Cadbury's share of the $58-billion U.S. market for carbonated beverages by about 1.
July 27, 2000 |
Coca-Cola Co. said it had given up its planned acquisition of Cadbury Schweppes' beverage brands in Canada and Mexico because of regulatory concerns. The decision came less than two years after Coca-Cola, the world's largest soft drinks company, cut a $1.85-billion deal to buy the lion's share of the British sweets and soft drink maker's non-U.S. beverage brands.
July 4, 2000 |
Cadbury Schweppes, the third-largest soft-drink maker, said its Mott's apple products unit agreed to buy the Mauna La'i juice brand from Mauna La'i Tropicals for an undisclosed price. Mott's, the largest U.S. producer of applesauce and apple juice and the maker of Hawaiian Punch, expects the acquisition to close by midsummer. After the purchase, the Mauna La'i line would be produced at Stamford, Conn.-based Mott's factories. The transaction doesn't include any manufacturing sites or equipment.
June 5, 2000 |
Britain's Cadbury Schweppes and France's Groupe Danone are set to make a $15-billion joint bid for U.S.-based Nabisco, the maker of Ritz crackers and Oreo cookies, the Sunday Times reported. Cadbury would be expected to shoulder up to $6 billion of the cost and Danone would fund the other 60%, the paper said, without identifying its sources.
May 16, 2000 |
French food and water company Danone formally jumped into the bidding for Nabisco Group Holdings, saying it had entered preliminary discussions to buy the U.S. food maker. With the confirmation, the Paris-based company joined financier Carl Icahn and an estimated dozen other prospective bidders for the holding group, which owns 80% of operating company Nabisco Holdings Corp. Icahn, who has been trying to take control of the company sporadically since 1995, sweetened his latest bid to $6.
September 3, 1999
* A $246-million Coca-Cola Co. bid for Cadbury Schweppes soft drink brands in South Africa won regulatory approval from that country's Competition Board in a deal that gives Coke 95% of the South African carbonated soft drink market.
September 2, 1999 |
British beverage and candy giant Cadbury Schweppes and a partner have agreed to buy Dr Pepper Bottling Co. of Texas for $283 million. Cadbury plans to merge the bottler with its own bottling company to form the largest independent soft-drink bottler in the United States. Cadbury and a Washington investment firm, Carlyle Group, also agreed to assume about $408 million in debt. The two companies plan to merge the Texas bottler with their own American Bottling Co., based in Darien, Ill.