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Nestlé looks at possible Cadbury bid

Late today it emerged that Swiss food giant Nestlé is "considering its options" with regards to Cadbury and the bid saga which has now taken in Kraft Foods, Hershey and Ferrero. As we covered in one of our earlier post, Hershey is believed to be on the verge of announcing a £10.3 billion offer although even though the Cadbury board has already indicated this is too low. While unofficially it is believed that Cadbury would prefer a merger with Hershey, as opposed to a full-blown takeover by Kraft Foods, this may well be taken out of the hands of the Cadbury directors in due course.

The fact that Nestlé is looking at its options with regards to Cadbury may well alert other third parties who could benefit from acquiring a company of the stature of Cadbury. The plot has certainly thickened over the last 48 hours and each and every party which shows an interest in Cadbury is another nail in the coffin of the independence of group.

While in no way is the future of Cadbury anywhere near being decided this weekend, it looks as though the company's days of independence may well be numbered with potentially four bidders circling the group.

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