Pick One: Coffee or Chocolate
If you had to pick, would you choose coffee or chocolate? I know they’re delicious together, but what if you could only have one? I’d easily take the coffee, but it looks like Kraft Foods is leaning towards the chocolate. Kraft is negotiating with Sara Lee Corporation to sell off its Maxwell House Coffee brand. The proceeds of the sale would help Kraft increase its $16 billion offer to buy Cadbury, the bid having been previously rejected by the company.
The New York Post reported, “under British Takeover law, Kraft has until Nov. 9 to make a new formal proposal — or back off for at least six months.” November 9 isn’t that far away, so this may be a negative thing for Kraft Foods, despite their confidence to raise the funds. For the public, that may mean we’ll be able to find out what’s going to happen with Maxwell House and Cadbury sooner. I don’t drink Maxwell House Coffee very often, but I do like it. On the Cadbury side, those Cream Eggs are amazing; rich, but amazing. I wish I could find them year-round and not just around Easter.
Source:
- New York Post. Read the full article, “Bittersweet decision. Kraft CEO faces tough decision on Cadbury.”
