8-KEarnings & ResultsRegulation FDExhibits & Filings

Mondelez International, Inc. 8-K Report, Financial Results (Jan 13, 2010)

Filed January 13, 2010For Securities:MDLZ

Summary

This 8-K filing from Kraft Foods Inc. (predecessor to Mondelez International) on January 12, 2010, primarily provides an update on the company's financial outlook and its potential combination with Cadbury plc. The company increased its guidance for 2009 diluted earnings per share (EPS) to at least $2.00, up from the previous expectation of at least $1.97. This upward revision signals stronger-than-anticipated performance for the fiscal year. Furthermore, the filing details the delivery of independent reports regarding Kraft's profit estimates, prepared in accordance with The City Code on Takeovers and Mergers. These reports, from PricewaterhouseCoopers LLP and financial advisors Lazard & Co., Centerview Partners, Citigroup, and Deutsche Bank, are crucial for the ongoing evaluation of Kraft's possible combination with Cadbury plc. Investors should note that the information within this filing is furnished and not deemed 'filed' for regulatory purposes.

Key Highlights

  • 1Kraft Foods Inc. raised its 2009 diluted EPS guidance to at least $2.00, exceeding prior expectations.
  • 2The company announced the delivery of a profit estimate report from its independent auditor, PricewaterhouseCoopers LLP.
  • 3Financial advisors Lazard & Co., Centerview Partners, Citigroup, and Deutsche Bank also delivered a profit estimate report.
  • 4These profit estimate reports were prepared to meet obligations under The City Code on Takeovers and Mergers.
  • 5The reports are in connection with Kraft Foods' potential combination with Cadbury plc.
  • 6This filing includes furnished press releases and expert reports as exhibits.
  • 7The information provided is not considered 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

This 8-K filing is primarily to announce an increase in Kraft Foods Inc.'s 2009 diluted earnings per share guidance and to furnish reports related to its potential combination with Cadbury plc, as required by The City Code on Takeovers and Mergers.

Yes, Kraft Foods Inc. increased its guidance for 2009 diluted earnings per share to at least $2.00, indicating stronger-than-expected financial results for the year.

The profit estimate reports from PricewaterhouseCoopers LLP and the financial advisors are crucial documents prepared to satisfy regulatory requirements for the potential acquisition of Cadbury plc under UK takeover rules.

No, the information furnished in this 8-K filing, particularly regarding the press release and expert reports, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as information that is formally filed.