Sunday, November 22, 2009

Hershey may launch $17 bn bid for Cadbury: Report

Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reported on Friday.

The bid wouldn’t be ready for two weeks and the terms are in flux, the newspaper says people close to the matter have said.

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