- The Washington Times - Wednesday, January 13, 2010

HARRISBURG, Pa. — The Hershey Co. continues to work on a bid to acquire British candy manufacturer Cadbury PLC without the help of Italian candy maker Ferrero International SA.

A person familiar with Hershey’s plans told the Associated Press on Wednesday that the company has been working on parallel bids for Cadbury — one with Ferrero and one on its own.

The person spoke on condition of anonymity because the person was not authorized to speak publicly about the matter.

Kraft Foods Inc. has bid $16.5 billion for Cadbury and has until Feb. 2 to win support from a majority of shareholders.

An Italian business daily reported Wednesday that Ferrero no longer is interested in bidding for Cadbury.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide