Betting odds on who will buy out Cadbury’s
16th September, 2009
After rumours that Cadbury’s is up for sale, Irish bookies Paddy Power jumped at the chance to give odds on who they think will be able to make the deal solid.
Out of the several companies coming forward to buy the company, the most likely is Kraft foods who currently looks after some of the biggest brands including, Terry’s Chocolate Orange, Oreo and Toblerone and they can be backed at 11/2 with American company Hershey’s being priced at 2/1 and nestling in third place is Nestle at 5/2.
Outsiders include companies such as Pepsi and Coca Cola who might fancy turning their expertise to chocolate as they have made such a worldwide success from their soft drinks. Pepsi are backed at 12/1 whilst Coca Cola look as though they may stick to their roots and are priced at 25/1.
There are also odds on how much the World’s biggest chocolate company will go for and it seems that the multi billion pound company is not going cheap! It seems that those interested are going to have to empty their pockets as the mostly likely prices are over $18 billion. Paddy Power are offering 5/2 for the company to fetch between $18 and $20 billion which is favourite, second favourite is between $20 and $22 billion at 3/1 with an excessive $24billion priced at 7/2.
To find out more odds on who else is interested in purchasing Cadbury’s then click here to visit Paddy Power’s website.
By Jamie
