Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
FACTBOX: Facts about Cadbury
(Reuters) - British confectionery company Cadbury was expected to reject a takeover bid formalized by Kraft Foods Inc on Monday, triggering a bid battle that could last up to three months.
Following are key facts about Cadbury:
* Cadbury is the world's second-largest confectionery company after Mars-Wrigley, making brands such as Dairy Milk chocolate, Trident gum and Halls cough drops.
* Cadbury has the No. 1 or No. 2 positions in more than 20 of the world's 50 biggest confectionery markets.
* Cadbury operates in more than 60 countries and employs more than 46,000 people.
* Full-year revenue in 2008 came to 5.4 billion pounds with underlying operating profit of 638 million pounds.
HISTORY
* Started life in 1824 with John Cadbury opening a shop in Birmingham selling tea and cocoa.
* Merged with Schweppes in 1969 to create Cadbury Schweppes.
* Became the world's biggest confectionery group in 2003 after buying the U.S. Adams chewing gum business for $4.2 billion.
* Sold continental European business to Lion and Blackstone for 1.85 billion euros in February 2006.
* Demerged Cadbury Schweppes Plc in May 2008 following shareholder pressure, creating the London-listed confectionery group Cadbury Plc and U.S. soft drinks group Dr Pepper Snapple Group.
* In March 2009, sold Australian beverage business Schweppes Australia to Asahi Breweries for A$1.185 billion ($769.5 million), completing its exit from soft drinks.
(Editing by Michele Gershberg and Lisa Von Ahn)
