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Ferrero 'cools on Cadbury'

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Ferrero 'cools on Cadbury'

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Italian chocolate maker Ferrero’s interest in Cadbury has cooled, according to sources familiar with the situation.

The difficulties of getting financing and finding suitable partners before a takeover deadline have become too great those sources told the Reuters news agency.

US company Hershey and Ferrero had considered a joint bid for Cadbury but now it looks like Kraft Foods has a clear run in its bid.