Text size [+][-] Tuesday February 9 2010GLOBAL EDITION
Home > Hershey
By Rob Cox AND Aliza Rosenbaum
Hershey is considering a bid to rival Kraft’s $16.7 billion offer to acquire Cadbury, according to the New York Times. The trustees of the charitable foundation that controls a majority of Hershey’s votes, is said to be pressuring the chocolate firm’s management to consider a $17 billion offer. The company is working with JPMorgan and Merrill Lynch-BofA.
rob.cox@thomsonreuters.comaliza.rosenbaum@thomsonreuters.com