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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.