Cadbury’s chief executive Todd Stitzer delivered a bullish assessment of the UK confectioner’s business strategy to investors on Wednesday, emphasising its growth prospects in emerging markets as it resists Kraft’s £10.2bn takeover approach. Separately, Warren Buffett, the billionaire investor and Kraft’s largest shareholder, urged Kraft not to overpay for Cadbury, suggesting in a TV interview that the cash-and-shares approach represented a “full price” for the company.

This entry was posted by Gwen Robinson on Thursday, September 17th, 2009 at 4:40 and is filed under Capital markets, M&A, People. Tagged with Cadbury, kraft, warren buffett. Edit this entry.