Cadbury Plc suitors Ferrero and Hershey Co have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on Friday.
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Cadbury suitors Ferrero and Hershey would likely break the UK confectioner up into separate businesses if a mooted bid for the company succeeds, an Italian newspaper reported.
Italian chocolate maker Ferrero could be interested in Cadbury's gum and candy division, a unit worth about 5 billion euros ($7.4 billion), in a possible joint takeover bid, business daily Il Sole 24 Ore said on Friday.
In a company town where the street lamps are shaped like chocolate Kisses and orphans are cared for with corporate largesse, the prospect that America's biggest chocolate maker may merge with a foreign entity has unnerved some people.
Any bid for UK confectioner Cadbury by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday.
Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but Kraft Foods Inc is still seen as the front-runner with its $16.8 billion hostile offer.
Thanks to Ferrero and Hershey, Cadbury may finally have a bargaining position.
Cadbury Plc on Wednesday said it will give proper attention to any offer that gives a full value for the company, but until that happens it has nothing to comment upon further.
Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but hostile bidder Kraft Foods Inc is still seen as the front-runner with its $16.8 billion offer.
Italy's Ferrero and U.S.-based Hershey are reviewing options over a possible bid for Cadbury , but hostile bidder Kraft's $16.8-billion offer is still seen as the front runner.
Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc
U.S. chocolate maker Hershey Co has held talks for several weeks with Italy's Ferrero Spa over a potential bid for Cadbury Plc that would rival a hostile offer from Kraft Foods Inc , The Wall Street Journal reported on Tuesday.
Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense.
Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.
Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.
