Nestle may consider a bid for Cadbury: report

Chocolate bars are pictured in the employees' supermarket at the Nestle headquarters in Vevey February 19, 2009. REUTERS/Denis Balibouse
Chocolate bars are pictured in the employees' supermarket at the Nestle headquarters in Vevey February 19, 2009. REUTERS/Denis Balibouse
Reuters
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Published: November 22, 2009 12:00 AM
Updated: November 22, 2009 6:02 AM

ZURICH (Reuters) - Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.

Nestle is still weighing its options and may decide against a bid, Bloomberg said, citing two unnamed people with knowledge of the matter.

Nestle declined to comment.

Italian chocolate maker Ferrero and U.S.-based Hershey have teamed up and said on Wednesday they were reviewing a possible offer for Cadbury.

Analysts view Nestle as a potential suitor for Cadbury.

(Writing by Lisa Jucca; Editing by Jon Loades-Carter)

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