Hershey mulls £10 billion solo bid for Cadbury - source

Hershey mulls £10 billion solo bid for Cadbury - source


PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion (10 billion pounds) for chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday. Hershey has lined up deal funding from Bank of America and JP Morgan Chase & Co to make a solo offer for Cadbury, but is also still weighing a joint bid with Italy's Ferrero Spa, the source said.

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