Following its rejection of the latest Kraft bid last week, Cadbury could soon be set to face a new takeover approach from a third party.
The press reports today that it is understood US firm Hershey – which makes Cadbury products in the States – could potentially launch a combined bid with Italian spoilers Ferrero. Last week Cadbury rejected Kraft’s latest bid, labelling the £9.8bn offer ‘derisory’. The unions representing Cadbury staff want it to remain independent as they fear…
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