Sweet Love Triangle: Cadbury, Hershey’s, and Kraft
Posted in: Uncategorized
It’s a classic love triangle: The wealthy Kraft wants British beauty Cadbury. Cadbury, however, wants Hershey’s, the poor, yet perfectly sweet option. Hershey’s is of a lower financial capability than the domineering Kraft and is reluctant to make a move, though it knows the two make an ideal pair. So it goes for the two U.S. food makers and the international sweetheart Cadbury.
The drama began in September when Kraft slipped an unsolicited note to Cadbury, making it a marriage offer for $16.7 billion. Cadbury, being of higher standards, immediately rejected it. Hershey’s also wanted Cadbury’s hand, but being of a lower income bracket, the company struggled to gather the funding necessary to support the lifestyle of the demanding Cadbury. After Kraft’s shameless act of domination, Cadbury’s parents, the U.K. Panel on Takeovers and Mergers, had a nice chat with their daughter and decided to set a dueling date for the two contenders: November. The two must make a reasonable and honorable proposition by then or leave empty handed.
For Kraft, the challenge is obvious: They must open themselves up and make a smart, honest proposal for Cadbury’s hand. Doing so would boost their shares in the food-making industry to compete with the biggest and baddest of the land, Nestle. Hershey’s, on the other hand, is the hard-working visionary who is merely after the one he loves. Cadbury would open up an international market for the American-born company and offer pathways into Europe. After last year’s heartbreak from the girl next door, Wrigley, and her marriage to Mars, Inc. (creating the world’s largest sweets company), Hershey’s has done its best to put itself together and move onto to other options.
Hershey’s is doing all it can to make the right move on Cadbury; the former even hired advisors to assist in exploring the bid for marriage. Marrying Cadbury would ensure the continuation of the boarding school for low-income children, which Hershey’s is currently running, so the stakes are high. Kraft, however, is a financial wiz and hopes to capitalize on the devaluation of the British pound during the deadline time, thus being able to bid lower and still come out on top.
Tensions are high, and the suspense rises daily. Hopefully, love will conquer all, and they’ll live happily ever after.
Rena Prizant is a Copywriter, Ad Creative, SEO Gal, and mammal in the Chicago area. Visit www.RenaPrizant.com or @WriteLeft.
