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Cadbury hopes result will repel Kraft

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Cadbury hopes result will repel Kraft

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Cadbury has announced robust results for 2009 and an upbeat outlook for its profit and dividends.

It is the last move by the British chocolate maker to try to fight off US giant Kraft Foods’ hostile takeover bid.

Analysts said Kraft would have to significantly raise its bid to get Cadbury shareholders to accept the offer.

But top Kraft investor Warren Buffett has warned the company not to overpay.