Kraft faces tougher Cadbury pitch, bid seen Monday

Kraft Foods Inc faces a tougher task winning over Cadbury Plc shareholders after disappointing results reinforced the view that it will formalize its existing offer for the British chocolatier next week rather than present a higher bid.

Daily Wrap Up - Nov 3

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna.

Kraft profit beats expectations

Kraft Foods Inc posted a quarterly profit that beat analysts estimates, less than a week before the Oreo cookie maker is expected to formalize its bid for British chocolatier Cadbury Plc .

Nestle speeds ups buyback, may sell Alcon stake

Cash-rich Nestle SA, the world's biggest food group, said it was speeding up a programme to buy back shares and was likely to raise fresh funds from the sale of its stake in eye care firm Alcon.


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Cadbury's bumper puts pressure on suitor Kraft

Cadbury beat sales forecasts and raised targets in a bumper third-quarter trading report, pushing up its shares and pressuring suitor Kraft to come up with a bigger bid to win its takeover battle.
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Cadbury looks for sweet Q3 to deter Kraft

Cadbury, under siege from a bid by Kraft, will look to paint a picture of growth at next week's update to try and see off the predator with analysts focusing on sales, volumes and margin trends.
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Kraft in talks to sell coffee to Sara Lee - report

Kraft Foods Inc is in talks to sell its Maxwell House coffee business to Sara Lee Corp in a move that would give it more money to increase its bid for Cadbury Plc, the New York Post reported on Friday, citing one source.
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Cadbury's Carr takes hard line in Kraft battle

Cadbury chairman Roger Carr has emerged victorious from many bid battles but if U.S. food giant Kraft ups its multi-billion pound offer the tough-talking takeover veteran will be under pressure to soften his stance.
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Shareholder sues Cadbury officers over Kraft bid

A shareholder of Cadbury is suing the British confectioner's board and chief executive, saying investors stand to lose out massively if the company refuses to negotiate over a $15.68 billion takeover bid from Kraft Foods Inc.