Published on Mon, Nov 23, 2009 at 07:11 | Source : Reuters
Updated at Mon, Nov 23, 2009 at 09:26
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Nestle may consider a bid for Cadbury
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Nestle is still weighing its options and may decide against a bid, Bloomberg said, citing two unnamed people with knowledge of the matter.
Nestle declined to comment.
Italian chocolate maker Ferrero and US-based Hershey have teamed up and said on Wednesday they were reviewing a possible offer for Cadbury.
Analysts view Nestle as a potential suitor for Cadbury.
