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.

Hershey to bid $17bn for Cadbury - report
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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