US banks 'back Hershey bid for Cadbury'

US chocolate giant Hershey has lined up more than £4bn (€4.4bn) in financing to launch a rival bid for Dairy Milk maker Cadbury, it was reported today.

US banks 'back Hershey bid for Cadbury'
Sun, 29 Nov, 2009 - 14:52

US chocolate giant Hershey has lined up more than £4bn (€4.4bn) in financing to launch a rival bid for Dairy Milk maker Cadbury, it was reported today.

Cadbury is already facing a hostile £9.8bn (€10.7bn) bid from Oreos to Dairylea maker Kraft, although Hershey said two weeks ago it was considering its options.

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