Hershey plans solo bid for Cadbury, JPMorgan Chase and Bank of America line up to finance
Posted on January 15, 2010 at 08:09 AM EST
Hershey Co. (HSY, news: 36.96 0.00%) plans solo bid for Cadbury Plc (CBY, news: 51.84 0.00%), as Italy-based Ferrero Intenational is no longer interested and plans to make a decision after Kraft Foods Inc.’s (KFT, news: 29.12 0.00%) final offer. A combined Hershey and Cadbury group would have an enterprise value of about $31bn. A [...]
