Kradburys or Herburys?

An interesting chart from FT Alphaville showing the CDS spread changes in Kraft, the rejected bidder and Hersheys and Nestle, the two other firms linked to the acquisition of British chocolate-maker Cadburys:


The white line represents Kraft’s CDS spread, while the green and orange are for Hersheys and Nestle, respectively.

If we are to believe the CDS market, then the Deal Journal blogger might simply have been wrong in saying Hersheys won’t go for the deal.  They just might.

Source: FT Alphaville


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s