Cadbury-Kraft merger has bondholders braced for new wave of M&A

cadbury-merger

European investors believe the takeover of Cadbury by Kraft could herald a stream of M&A finance bonds. While that may present bondholders with event-driven opportunities, the spectre of downgrades hangs over the outstanding bonds of businesses with takeovers in their sights.

The takeover in January of the UK chocolate maker Cadbury by US food giant Kraft drew a five-month headline-generating spat to a close. Cadbury’s own board had rejected Kraft’s initial advances and major Kraft shareholder

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: