Kraft seeks to convince investors on Cadbury bid |
The Daily Telegraph 02 November 2009 In: Industry news
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Kraft is poised to make its formal offer for Cadbury’s on the back of improved third-quarter earnings but analysts are not anticipating any big improvement on its indicative £10.2bn cash and paper bid, the Daily Telegraph writes.
Figures to be released on Tuesday are expected to show a better performance, although US analysts feel it will reflect modest growth and are questioning the US food giant’s claim that it has “turned the corner”.
Read more at telegraph.co.uk.