Kraft’s acquisition of Cadbury has helped the US firm to post higher-than-expected profits, despite a decline in its own North American sales.

Cadbury chairman Roger Carr today said he would step down after shareholders approved US food giant Kraft’s £11.4bn (€13bn) takeove

The deadline is approaching for Cadbury shareholders to approve the €13.7bn takeover by a US food giant.

Cadbury today backed a higher £11.5bn (€13.14bn) recommended takeover offer from its US suitor Kraft Foods.

Cadbury suitor Kraft hit back at the Dairy Milk maker's bid defence today by claiming that a merger of the two firms would deliver more value "than Cadbury could achieve on its own".

Confectionery giant Cadbury remained silent today amid reports that US-based food group Kraft was set to launch a hostile takeover bid for the firm.

Cadbury’s American suitor was today issued with a “put up or shut up” deadline by the City takeover authority in the UK.

Kraft Foods is understood to be planning an £11bn (€12bn) hostile bid for Cadbury after the group rejected its earlier offer.

The chief executive of US giant Kraft will sound out major shareholders in London this week over its potential takeover of Dairy Milk maker Cadbury.

The chairman of confectioner Cadbury PLC said that Kraft Foods Inc undervalued his company in a takeover offer, and he dismissed the suitor as a "low-growth conglomerate".

US giant Kraft Foods has made a £10.2bn (€11.5bn) takeover offer for British confectionery group Cadbury, it was revealed today.