USA: Nestlé and Cadbury in joint bid talks for Hershey
Swiss food giant Nestlé and UK confectioner Cadbury Schweppes are reported to be in talks that could lead to a joint bid for US chocolate and candy company Hershey Foods. The two groups are rumoured by media reports including The Business and the Mail on Sunday to be discussing plans to make a joint approach and then carve up Hershey's assets between them. Rumours suggest that Nestlé would acquire the lion's share of Hershey, while Cadbury would pick up its own brands, which are currently licenced to Hershey in North America.
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