The May Report: 1/18/2010: This just in: Kraft Cadbury deal sealed for $19B; An Efoora player is indicted for federal tax evasion
January 18, 2010
The May Report: 1/18/2010: This just in: Kraft Cadbury deal sealed for $19B; An
Efoora player is indicted for federal tax evasion
If you missed an article, go here:
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TABLE OF CONTENTS
The Scoop section:
— This just in: Kraft Cadbury deal sealed at $19-billion
— Briefly noted, by Ron May
— Zishan Ahmad: chicago tech / startups
— TiE decides to limit press to general events with public servants only
— Rezko is still not in jail
— Marty Glotzer
— Daliah Saper: Thanks
— Illinois: The Case for Quality Content Online (from the FCC hearings)
— Cards Ron collected at the FCC hearings on December 21st, 2009
— Cards Ron collected at the CEC Holiday party on December 17th, 2009
— Cards Ron collected at BNC Capital Group on 1/5/2010
The Scoop section:
This just in: Kraft Cadbury deal sealed at $19-billion
Kraft seals $19-billion Cadbury deal, New York Times reports
By: David Sterrett Jan. 18, 2010
(Crain’s) — Kraft Foods Inc. has reached a $19-billion deal to acquire British
candymaker Cadbury PLC, the New York Times reported late Monday.
The deal, which could not be independently confirmed, would make
Northfield-based Kraft the world’s largest candymaker. It also would represent
a triumph for Kraft CEO Irene Rosenfeld, who pursued Cadbury for four months.
Cadbury executives spurned her original $17 billion cash-and-stock bid as too
low and tried to drum up competing offers.
Although Hershey Co. was reportedly working to line up financing for a bid, the
Pennsylvania chocolate maker had not presented an offer as of Monday evening.
Kraft significantly increased the cash portion with its latest offer, the Times
reported. Although Warren Buffett and other large Kraft shareholders warned Ms.
Rosenfeld against overpaying for Cadbury, they were most concerned about the
risk of issuing too much stock in the deal. Her new bid appears to alleviate
that concern without raising the overall price too high.
See Full Briefing
The deal would value Cadbury at about 840 pence a share, roughly 5% above the
closing price of Cadbury stock Monday.
The Times reported that the deal could be announced Tuesday morning, but talks
are still going on and could fall apart. Kraft must submit its final offer by
midnight Tuesday under British takeover rules.
Briefly noted, by Ron May
* I have to get this out and to bed. But the pot is starting ot boil on the
Efoora front again. One of David Grosky’s gofers, Allan L. Soboj, has been
indicted by a federal grand jury for federal tax evasion. There is no direct
reference to Efoora in the indictment, but I have to believe that he would not
have been investigated were it not for Efoora.
What the indictment says is that Soboj under-reported income by an unspecified
amount. It does not claim any amount certain. It states losses for each taxable
year in question in the low to middle tens of thousands of dollars, which the
government will of course state really had profits. It states as their offer of
proof the existence of a second set of books. Underreporting income, no matter
what this does to the bottom line, is its own criminal offense separate and
apart from whatever tax may be due on the amount underreported, as it
constitutes “filing a false tax return.” Of course, if the underreported gross
sales caused an increase in the tax due, that would be another offense. They
need to get to zero just to break even, as obviously taxable income starts at
zero and he disclosed losses.
Beyond Soboj, the bigger pot that is starting to boil is in Philly where an
ex-prosecutor named Gerry Egan appears to have been involved in some very
questionable activities but more on that soon.
Zishan Ahmad: chicago tech / startups
From: Zishan Ahmad firstname.lastname@example.org
Subject: chicago tech / startups
Date: Sat, 16 Jan 2010 16:15:23 -0600
To: Ronald May
We crossed paths last year at Social Media Club (twice), MIT Enterprise Forum,
Tech The Halls, and likely a few other times. Unfortunately, I don’t think we
Quite honestly, I didn’t know who you were prior to 2009, but I’m told if I’m
going to be in the tech community in Chicago, you’re the man to know.
Feel free to peruse chicago.techscene.us and add yourself or your
company to the directory. It’s had a slight remodelling since I’d given you my
cards last year.
Looking forward to talking to you about Chicago startups and entrepreneurship.
Happy New Year.
Chicago Tech Scene – Founder
Chicago Tech Meetup – Co-Organizer
TiE decides to limit press to general events with public servants only
Subject: RE: Adarsh, did you guys have a board meeting in December and if so,
Date: 1/18/2010 1:37:36 P.M. Central Standard Time
Thank you for the email and my apologies for not following up regarding our
Press Policy. Yes, we did have a Board meeting and the press policy was
discussed and decided upon as such: The Press will only be invited to attend
General Member events where the speaker is a “Public Servant.”
I look forward to connecting with you in the future. Please feel free to
email/call me directly with any questions.
Rezko is still not in jail
From: Name withheld upon request
Subject: fyi – keep me out of this
Date: Sat, 16 Jan 2010 14:08:41 -0800 (PST)
To: Ron May email@example.com
don’t ask me why, but when I read this, I thought it would be the sort of thing
Martin Glotzer spoke at Walgreens meeting Martin Glotzer is a Roosevelt Univ.
graduate he spoke at Walgreens urging consideration be given to naming the
Pharmacy School Walgreens. an audio of the meeting can be found
www.walgreen.com click on investors relations then click on webcast of the
annual shareholders meeting Martin Glotzer can b heard at around the 13 th
minnute and 16th minute.thanks
In a message dated 1/15/2010 7:11:22 P.M. Central Standard Time,
Daliah Saper: Thanks
From: Daliah Saper firstname.lastname@example.org
Subject: Re: The May Report: 1/15/2010: Yet again, in praise of Scott McGarvey
and Les Stern: It has now come to this: ChicagoBooth marketing roundtable has
banned, among others, Todd Allen, Steve Lundin, Ellis Booker, Jeff Jarvis, Brad
Spirrison, Andy Sernov
Date: Fri, 15 Jan 2010 19:17:04 -0600
To: The May Report
Thanks for including information about the January 28 Seminar at Saper Law in
All the best,
On Fri, Jan 15, 2010 at 7:05 PM, The May Report
Illinois: The Case for Quality Content Online (from the FCC hearings)
Illinois: The Case for Quality Content Online
Nearly 1 million Illinois children and adults are without access to a local
Educational spending in the state ranges from ca $5,000 to $12,000+ per pupil
1 in 7 Illinois youths between the ages of 16 and 24 is jobless and out of
Those with limited literacy skills are more likely to be on food stamps, living
in poverty, or incarcerated
On the internet, most Illinois residents use a search engine to find
information instead of going to a quality website or online resource
Almost all other states offer access to quality content statewide: links and/or
databases; while Illinois offerings are weak and dependent on whether someone
lives in an area served by a public library
The resident of the state need and deserve quality links, vetted by the
Original Search Engines, Illinois librarians
Every child needs easy online access to quality databases, including
encyclopedias, literary sources, articles from newspapers and magazines,
scientific resources, etc.
Every adult needs easy online access to quality health information, career
resources and job leads, social services, lifelong learning tools, and other
resources that inform, educate, and support quality of life in Illinois
Let’s work together to bring Illinois along!
Content+ Access + Infrastructure + Training = Empowerment
Frances E Roehm
Illinois CLICKS! Manager
Skokie Public Library
5215 Oakton St
Skokie, IL 60077
Cards Ron collected at the FCC hearings on December 21st, 2009
Karen J. Bond
Chief Executive Officer
Barbara J. Bailey
Illinois Institue of Technology
B & B Communications, Inc.
Carol R. Wilkerson
Regional Communications Director
Mrs. Diana M. Phillips
President and Chief Executive Officer
Elite Human Service Systems, Inc.
Thomas A. Reed
Federal Communications Commission
Office of Communications
Government and Community Affairs Manager
Cards Ron collected at the CEC Holiday party on December 17th, 2009
Tammi K. Frankie
Attorney at Law
Fitzgerald + Hewes
Feldco Factory Direct
New World Ventures
Vice President of Sales
Cards Ron collected at BNC Capital Group on 1/5/2010
Raymond J. Markman
President & CEO
Financial Life Planning
Sean C. Fifield
Jason Barlow Ph.D.
Vitality Consulting Group
Matthew T. Furton
Bioanalytical Medicinal Chemistry Consultant
Kenneth B. Hopps
Marketing and Sales Executive
Heartbeest Productions, Inc.
Vice President of Marketing
Director of Operations