Stitzer set to woo investors

CADBURY chief executive Todd Stitzer will today tell shareholders why they should not accept a hostile takeover from Kraft Foods as speculation mounted that the British confectioner is in talks with Hershey over a rival offer.

Hershey is widely understood to be holding talks with Cadbury about a possible friendly takeover.

At an eagerly anticipated presentation at Goldman Sachs in the City Cadbury will discuss management’s plans for growth over the next two years, and emphasise the company’s ambitious profit targets.