Published on Sat, Nov 21, 2009 at 11:05 | Source : Reuters
Updated at Sat, Nov 21, 2009 at 11:22
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Hershey weighs USD 17 billion Cadbury bid
US chocolate maker Hershey Company is considering launching a bid of at least USD 17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Incorporation, a source familiar with the matter said on Friday.
US chocolate maker Hershey Company is considering launching a bid of at least USD 17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Incorporation, a source familiar with the matter said on Friday.
Hershey, which is still considering a joint bid with Italy's Ferrero, lined up deal financing from Bank of America and JP Morgan, said the source, who declined to be named because he was not authorized to speak with the media.
JPMorgan declined to comment. Bank of America and Hershey could not be immediately reached for comment.
