Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.
UK confectionery and drinks group Cadbury Schweppes is preparing a
$2 billion (€2.27bn) bid for the chewing gum and cough drops arm of
Pfizer, the world's largest drugs company, a British Sunday
Cadbury Schweppes announced that it has agreed to acquire a 51 per
cent equity interest in Kent, the leading sugar confectionery
manufacturer in Turkey, in addition to a majority equity interest
in its distribution arm, Birlik.