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Kraft To Meet With Cadbury Workers Wednesday

By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Kraft Foods Inc. (KFT) is set to meet with labor representatives for Cadbury PLC's (CBY) workers Wednesday to discuss its plans for the U.K. confectioner, which Nov. 9 rejected a GBP9.8 billion offer from Kraft as "derisory" after the U.S. food giant formalized a previous approach rather than raise it. It will be the first face-to-face meeting that the Unite trade union has had with Kraft following various calls since Kraft's bid was launched, Unite spokeswoman Jennie Formby told Dow Jones Newswires. Unite plans to follow up on its demands first sent to Kraft boss Irene Rosenfeld on Nov. 15 which included guarantees on jobs and sites and the preservation of full pension benefits and contributions, Formby added. Kraft has had no direct contact with Cadbury management since an initial discussion between Rosenfeld and Cadbury chairman Roger Carr Aug. 28. Rosenfeld followed up that meeting with a letter detailing an offer, which Cadbury's board discussed before formally rejecting it a few days later. -By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

Stock News for Banco Bilbao Arg (BBV)
DateTimeHeadline
12/03/200903:37:07BBVA Raises Stake In Citic To 15% For EUR1 Billion
12/02/200919:38:30HSBC's Mexico Unit Sees Growth Next Year As Economy Rebounds
12/01/200919:45:12Colombian Banks' Jan-Oct Combined Net Up 15% To COP4.80 Trillion
11/26/200915:41:09Mexico's Bank Loans Flat In October At MXN1.889 Trillion - Regulator
11/24/200914:01:02Mexican Bank Executive Sees Big Growth In Mutual Funds
11/24/200912:46:08Kraft To Meet With Cadbury Workers Wednesday
11/24/200907:54:40FOCUS: Kraft Bank Ties Pose Problem For Other Cadbury Suitors
11/16/200920:14:48Spain's BBVA Sells $1 Billion 18-Month Bond -Newspaper
11/04/200914:45:06Colombian Banks' Jan-Sep Combined Net Up 17% To COP4.48 Trillion
11/04/200912:12:04Lloyds' Asset Disposal Could End Up In Trustee's Hands
10/23/200912:19:03EARNINGS PREVIEW: BBVA, Santander Seen Steady In 3Q

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