Any Ferrero bid for Cadbury to be friendly: source
MILAN (Reuters) – Any bid for UK confectioner Cadbury <CBRY.L> by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday.
“You cannot do an operation of this kind unless it’s friendly,” the source said, speaking on condition of anonymity.
Ferrero declined to comment.
Cadbury is currently facing a $16.5 billion hostile bid from Kraft Food Inc <KFT.N>, and on Wednesday, U.S.-based Hershey Co <HSY.N> and family-owned Ferrero said separately they were reviewing a possible rival bid.
Any Ferrero bid for Cadbury to be friendly -source
MILAN, Nov 19 (Reuters) – Any bid for UK confectioner Cadbury <CBRY.L> by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday.
“You cannot do an operation of this kind unless it’s friendly,” the source said, speaking on condition of anonymity.
Ferrero declined to comment.
Cadbury is currently facing a $16.5 billion hostile bid from Kraft Food Inc <KFT.N>, and on Wednesday, U.S.-based Hershey Co <HSY.N> and family-owned Ferrero said separately they were reviewing a possible rival bid.
