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S&P 500: 1,340.35 Change: -0.84%
sjohnstein
P&P Score: 0.30 | Points: -542.47 | Accuracy: 35.00 | Average Pick Score: -135.62   Annual Return: N/A  
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Commentary
BUY: KRAFT FOODS INC (KFT) Rating: 3
Start Price: $26.19
Points: +6.78
Created: 09/09/2009
i like kraft @26.85 - Kraft Foods which went public on Monday with a $16.7 billion (10.1 billion pounds) offer for Cadbury that the chocolate maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.

Kraft has been in talks with Deutsche Bank (DBKGn.DE) and Citigroup (C.N) on setting up debt to cover almost half the cost of the bid, the sources told the news agency.

One of the people was quoted as saying the financing would consist of a bridge loan that would be repaid with the proceeds of an investment-grade bond offering. i bet ever investors are just standing on the side line just to see what kraft is going to bid for cadbury

1 Comment(s):

Author sjohnstein     Date 2010-06-04 15:33:04
+9.16% +2.38% +6.78
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