Gloves Off As the Mega-Deal Returns [Edition 3]

Evening Standard - London › September 07, 2009

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Summary

THERE was a buzz in the City this morning, the like of which we've not experienced for the best part of two years. That was when Alliance UniChem, led by Stefano Pessina, paid Pounds 12 billion for Boots.

Suddenly, the big bid is back. They set the pulse racing these mega-takeovers: household names, billions of pounds, huge personalities (and egos), head to head, locked in combat. Kraft going for Cadbury has to be a sign of renewed economic confidence. The US firm is part-owned by Warren Buffett, for heaven's sake. Let's rock and roll.

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Gloves Off As the Mega-Deal Returns [Edition 3]

It is though a mystery as to why Kraft has made the announcement right now. News of the bid did ...

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