Cadbury Malaysia, a part of Mondelez International Inc, on Monday recalled the Dairy Milk chocolates after Malaysian authorities found the pork traces during a random test. Products in this Muslim majority Southeast Asian nation are regularly checked to ensure they are halal, or permissible according to Islamic law.
Large brands like Coca-Cola, McDonald’s and Cadbury’s have been provided with an unrivaled platform to promote unhealthy and junk food to children at the London Olympics, according to a report titled The Obesity Games.
The shares of Cadbury on Tuesday jumped
nearly four per cent to touch its year-high on the London
Stock Exchange after the confectionery major accepted the
takeover offer by American food company Kraft Foods.
Kraft Foods Inc and Britain`s Cadbury Plc are holding talks about a potential friendly deal to create the world`s largest confectionery group for up to $19 billion, sources familiar with the matter said on Monday.
Britain`s largest workers union Unite has warned that some 30,000 jobs would be put at risk if US-based Kraft Foods takes over Cadbury and the UK confectioner would be saddled with a 22 billion pound debt.
Cadbury PLC on Tuesday stepped up its defense against a hostile takeover bid from Kraft Foods Inc. by announcing that both its full-year revenue growth and profit margins will beat market expectations.
British confectionery major Cadbury has launched a "trenchant" attack on its suitor Kraft Foods and has said that the American company is being run by biggest shareholder Warren Buffet, says a media report.
Kraft Foods Inc. questioned the robust growth targets of Cadbury PLC as the U.S. food company stuck by its 9.8 billion pound ($16.3 billion) hostile takeover for the British chocolate maker on Tuesday.