Summary
This 8-K filing by Kraft Foods Inc. (now Mondelez International, Inc.) on November 3, 2009, primarily serves to report its third-quarter 2009 earnings and related financial information. The company is providing details on its financial performance and condition, including the issuance of a press release with its Q3 2009 results. Significantly, this filing also includes disclosures related to a potential combination with Cadbury plc, as required by The City Code on Takeovers and Mergers. This involves reports from its independent registered accounting firm, PricewaterhouseCoopers LLP, and financial advisors on profit forecasts and interim financial statements. Investors should pay close attention to these disclosures as they provide insights into the company's financial health and strategic maneuvers during this period.
Key Highlights
- 1Kraft Foods Inc. reported its third-quarter 2009 financial results on November 3, 2009.
- 2The filing includes a press release detailing the company's earnings for the quarter ended September 30, 2009.
- 3The company provided information on its non-GAAP financial measures, including organic net revenues, segment operating income, and discretionary cash flow, explaining their use and reconciliation to GAAP.
- 4Key financial advisors (Lazard & Co., Limited, Centerview Partners UK LLP, Citigroup Global Markets Limited, and Deutsche Bank AG) provided reports on Kraft Foods' profit forecasts.
- 5PricewaterhouseCoopers LLP also provided an interim results report on condensed consolidated financial statements and a report on profit forecasts.
- 6These reports and disclosures were made to comply with obligations under The City Code on Takeovers and Mergers related to a possible combination with Cadbury plc.
- 7The filing furnishes various exhibits, including the earnings press release, financial statements, and reports from advisors and auditors.