Financial Times FT.com

Kraft poised to report strong results

By Jenny Wiggins and Jonathan Birchall

Published: November 1 2009 22:25 | Last updated: November 1 2009 22:25

Kraft is poised to report strong third-quarter results on Monday as it tries to win over investors before proceeding with a formal takeover offer worth more than £10bn ($16.4bn) for Cadbury, the UK confectionery group.

The US food group, which is considering a formal bid for Cadbury before a UK Takeover Panel deadline on November 9, could beat consensus earnings expectations of 48 cents per diluted share, analysts say.

People walking inside Kraft Foods' headquarters in Northfield, Illinois

US food group Kraft could beat consensus earnings expectations of 48 cents per diluted share, analysts say

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