{"id":12087,"date":"2009-09-24T06:23:32","date_gmt":"2009-09-24T10:23:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12087"},"modified":"2009-09-24T06:23:32","modified_gmt":"2009-09-24T10:23:32","slug":"hedge-funds-eye-850p-for-cadbury-as-fair-price-talk-swirl","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/hedge-funds-eye-850p-for-cadbury-as-fair-price-talk-swirl.html","title":{"rendered":"Hedge Funds Eye 850p For Cadbury As &#8216;Fair Price&#8217; Talk Swirls"},"content":{"rendered":"<p>Dow Jones &#8211; <a href=\"http:\/\/www.hedgeco.net\/\">hedge funds<\/a> are looking for Kraft Foods Inc.\u00a0 to offer at least GBP11.7 billion for Cadbury PLC\u00a0 as the confectioner&#8217;s chief executive, Todd Stitzer, reportedly accused the U.S. food conglomerate of letting Cadbury&#8217;s share price &#8220;drift.&#8221;<\/p>\n<p>One London-based hedge fund manager with an interest in Cadbury stock said most shareholders would be happy to see a valuation of around 15 times the company&#8217;s current-year earnings &#8211; or roughly 900 pence a share, valuing the chocolate bar maker at GBP12.3 billion &#8211; but that 850 pence, or around GBP11.7 billion, would probably be acceptable.<\/p>\n<p>Hedge funds that have disclosed positions in Cadbury include New York-based Eton Park Capital Management and York Capital Management, also based in New York.<\/p>\n<p><strong><a href=\"http:\/\/us.rd.yahoo.com\/dailynews\/rss\/search\/hedge+funds\/SIG=157jd1sf0\/*http%3A\/\/www.nasdaq.com\/aspx\/stock-market-news-story.aspx?storyid=200909231119dowjonesdjonline000436&amp;title=hedge-funds-eye-850p-for-cadbury-as-fair-price-talk-swirls\">Read Complete Story<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow Jones &#8211; hedge funds are looking for Kraft Foods Inc.\u00a0 to offer at least GBP11.7 billion for Cadbury PLC\u00a0 as the confectioner&#8217;s chief executive, Todd Stitzer, reportedly accused the U.S. food conglomerate of letting Cadbury&#8217;s share price &#8220;drift.&#8221; One [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1055,4845,5661],"class_list":["post-12087","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-earnings","tag-share-price","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12087"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12087\/revisions"}],"predecessor-version":[{"id":12093,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12087\/revisions\/12093"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}