HOW WILL THESE RESULTS AFFECT KRAFT’S PLANS TO BUY CADBURY?
MARTIN DEBOO INVESTEC
Cadbury have come out fighting. But, for us, the quality of the third-quarter and first-half growth is not premier cru. However, we think this will be enough to cause Kraft et al to think hard about a fair exit valuation.
GRAHAM JONES PANMURE GORDON
We think this statement, plus confidence expressed about 2010 and 2011, significantly reduces the chance of Cadbury being acquired on the cheap by Kraft and as such we raised our target price from 860p to 900p.
KEITH BOWMAN HARGREAVES LANSDOWN
Our guidance for full year earnings has been raised, and shareholders again have reason to cheer. Cadbury’s management is clearly fighting hard, while rumours of interest from Unilever continue to build.