Cadbury premium
Cadbury Schweppes, whose half-year results were at the top end of market expectations, would command a substantial premium to its present market capitalisation of around £2.7 billion (JNZ7.138) from any prospective bidder, London analysts said. The confectionery and soft drinks company reported a 16.2 per cent rise in pretax profit to £94.9M (JNZ250.53M) for the half year, highlighting the group’s strong growth. Ms Julia Bannon, an analyst for Robert Fleming, said a bidder might have to pay as much as 700 p a share, well above Cadbury’s current 415 p price. Other analysts put a price of at least 550 p on the shares.
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Bibliographic details
Press, 2 September 1989, Page 37
Word Count
106Cadbury premium Press, 2 September 1989, Page 37
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