Hershey to bid $17bn for Cadbury - report

Hershey Co may make a $17bn (€11.4bn) bid for UK confectioner Cadbury PLC, topping the recent $16.5bn (€11.1bn) hostile offer by Kraft Foods Inc, the Wall Street Journal reported.

Sat, 21 Nov, 2009 - 09:20

Hershey Co may make a $17bn (€11.4bn) bid for UK confectioner Cadbury PLC, topping the recent $16.5bn (€11.1bn) hostile offer by Kraft Foods Inc, the Wall Street Journal reported.

The bid wouldn’t be ready for two weeks and the terms are in flux, the newspaper said.

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CourtsBusinessHeathrowPlace: UKPlace: MexicoPlace: IndiaPerson: David WestPerson: Warren BuffettPerson: BuffettPerson: KraftPerson: Michael MitchellPerson: WESTOrganisation: HersheyOrganisation: CadburyOrganisation: Cadbury PLCOrganisation: Kraft Foods IncOrganisation: KraftOrganisation: Goldman SachsOrganisation: Berkshire HathawayOrganisation: JPMorgan ChaseOrganisation: Bank of AmericaOrganisation: Merrill Lynch
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