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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: conglomerate

conglomerate stories: 2 news summaries

 Cadbury Shoots Down 
 $16.7B Kraft Takeover Bid  

Watchers suspect undervalued bid could be sweetened

Sep 7, 09 11:44 AM CDT
(Newser) - Cadbury today rejected a $16.73 billion takeover bid from food giant Kraft, the Wall Street Journal reports. The candy maker has recently undergone restructuring and divestment that it says make it more valuable—and more attractive to suitors like Kraft. The Cadbury board says the offer “fundamentally... More »

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mergers and acquisitions • Kraft Foods • takeover bid • food industry • conglomerate • candy company • Cadbury

Siemens Will Pay $1.3B in Fines for Global Corruption

Company settles on US charges for $800M, shells out more over German accusations

Dec 15, 08 3:15 PM CST
(Newser) - German engineering conglomerate Siemens pleaded guilty today to an international pay-to-play scheme and will pay the US $800 million in fines, the Wall Street Journal reports. It will also give $528 million to the German government—adding to a $275 million payout last year. More »

MORE ABOUT:
Germany • corruption • guilty plea • engineering • Siemens • federal judges • fines • industry • federal prosecution • conglomerate

2 Stories


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