Business | Posted on Nov 22, 2009 at 09:56pm IST

Nestle may consider bid for Cadbury: reports

Reuters

Zurich: Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.

Nestle is still weighing its options and may decide against a bid, Bloomberg said, citing two unnamed people with knowledge of the matter.

Nestle declined to comment.

Italian chocolate maker Ferrero and US-based Hershey have teamed up and said on Wednesday they were reviewing a possible offer for Cadbury.

Analysts view Nestle as a potential suitor for Cadbury.

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