U.S. chocolate maker Hershey Co. (HSY), which is reviewing its options with regard to a potential offer for Cadbury Plc (CBY, CBRY.L, CDSCF.PK), has been in contact with Swiss chocolate giant Nestle SA (NSTR.L,NSRGY.PK), Bloomberg reported, quoting two people familiar with the talks. Hershey would prefer to bid alone, the report added.
The UK-based confectioner is being pursued by Kraft Foods, Inc. (KFT), which has offered GBP10.1 billion for the company.
Hershey had confirmed on November 18 that it is reviewing its options with regard to a potential offer for Cadbury. A combination with Cadbury would help Hershey largely to build sales outside North America, while giving access to faster-growing gum and candy markets. In addition, Cadbury's networks in emerging markets such as India and Latin America would be growth drivers for Hershey in those countries.
On Friday, Kraft mailed its GBP10.1 billion takeover offer for Cadbury to its shareholders. Kraft's formal offer of 300 pence cash and 0.2589 new Kraft shares for each Cadbury share is the same as a proposal outlined on September 7 and November 9.
HSY ended the regular trade on Friday at $35.99, up $0.09 or 0.25%, on 1.55 million shares.
KFT shares closed Friday's regular trade at $26.57, up $0.15 or 0.57%, on 12.82 million shares.
CBY closed on Friday at $52.95, flat with the previous close, on 775,800 shares.
NSRGY.PK settled on Friday at $49.27, up $0.37, on 1.48 million shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.