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Reports: Hershey, Ferrero eye to split Cadbury

11/20/2009

LONDON As rumors swirl around a possible bid by Hershey and Ferrero for London-based confectioner Cadbury, sources also are reporting that the wooers, upon acquisition, might break up the company.

Italian chocolate maker Ferrero and U.S.-based Hershey said on Wednesday they were reviewing a possible offer for Cadbury, shortly after a bid by Kraft for the company was rejected.

According to Reuters, a source close to Ferrero on Friday said the company "was still evaluating all options concerning Cadbury."

On Friday, Cadbury stocks increased 0.6%.

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