If Unilever made an 850p-a-share cash offer for Cadbury, it would have a net debt to earnings ratio of 2.8 times, "better than Kraft's balance sheet before it bid," he said.

如果联合利华向吉百利提出每股850便士的报价，它的净债额将达到纯收入的2.8倍，“比卡夫报价前的资产负债表状况还好”，他说。

youdao

In it was a copy of the bid sheet that the competitor was gonna submit the next day.

里面是他们竞价单的复印件，是我们对手第二天要交的。

youdao

This is where the Fed switches from buying short-term Treasury securities to buying long-term ones in a bid to push down long-term yields without increasing its balance sheet.

FORBES: Analysts: Euro Seen Holding Ground Or Edging Higher Against Dollar In Fourth Quarter

This implies that Unilever has room to expand its balance sheet by taking on debt if it wanted to make a bid for Colgate.

FORBES: Unilever-Colgate Combination Would Be Logical And Timely

But, given the recent defensive fragility that has undermined his side's title bid, City boss Roberto Mancini will no doubt be satisfied to have a clean sheet to go with the three points that keep the Blues in touch at the top of the table.

BBC: Man City 3-0 West Brom