Hershey and Nestle will not “willingly stand by” and become less competitive in the global confectionery market – and could still launch a rival bid for Cadbury, one analyst has suggested. Simon Marshall-Lockyer, an equity analyst at Jefferies International, has insisted that a joint offer from Hershey and Kit Kat maker Nestle could still emerge for Cadbury, which this week (9 November) rejected a takeover bid from Kraft Foods. Kraft’s cash-and-stock offer for Cadbury remains... ...Read more »

Cadbury management has remained steadfast in their belief that the confectioner is worth much more than the value placed on it by Kraft, rejecting a formal offer from the manufacturer last night. Kraft first made a non-binding offer to the Cadbury Board in September, a bid that was quickly rejected. Yesterday, they made the same offer but this time it represents a binding proposal. In a statement Cadbury said that because of the relative underperformance of Kraft shares since the bid, the offer was... ...Read more »