John Paulson Doubles Bet on Cadbury | DealBook (NYtimes)

zyaada notes: Also do follow the Cadbury’s valuation stories at Advantage zyaada’s

John Paulson, the hedge fund manager whose wagers against the United States housing market earned him billions last year, has doubled down on his bet on Cadbury, Bloomberg News reported.Mr. Paulson’s hedge fund, Paulson & Co., increased its stake in the British confectioner the same day that Cadbury rejected a $16.7 billion bid from Kraft Foods.According to a filing with Securities and Exchange Commission, Paulson & Co. now owns 28.5 million shares, or 2.08 percent, of Cadbury after buying 14.8 million shares at 759.59 pence each Monday.Mr. Paulson’s increased bet came as Kraft took its $16.7 billion bid for Cadbury directly to shareholders on Monday, after the board of the U.K. chocolatier rejected the offer as too low.Kraft declined to raise its bid, sticking with its original proposal from September, which offers 3 pounds, or $4.90, in cash and 0.2589 new Kraft shares for every Cadbury share. The offer values each Cadbury share at 717 pence, a 26 percent premium to the price before Kraft made its original proposal.The move by Mr. Paulson comes amid increased hedge fund interest in Cadbury. Eton Park Capital, for example, now holds 2.4 percent of the firm. However, Eton bought some of its shares at levels above 800 pence.

via John Paulson Doubles Bet on Cadbury – DealBook Blog –


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Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at:

Posted on November 12, 2009, in Financial Markets, Investments, Retail Lifestyle and tagged , , , . Bookmark the permalink. Leave a comment.

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