Hershey will find out on Wednesday whether its appeal against a
court ruling postponing the sale of the confectionery group has
been successful. In the meantime, rumours continue to circulate of
a potential joint bid for the firm...
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.
Swiss food group Nestle on Friday declined to comment on market
talk it might want to buy US confectionery maker Hershey, but said
it would be keen on regaining its top-selling Kit Kat brand in the
United States.
