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Hershey may make bid for Cadbury

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Hershey may make bid for Cadbury

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Cadbury’s shares have risen again on a report that US chocolate maker Hershey is preparing a rival bid to Kraft’s hostile takeover offer.

The Financial Times said Hersey would offer more than Kraft.

It would need to borrow money to do that, but was reportedly looking to involve private equity investors.

Hershey has until 23 January to make a bid under UK Takeover Panel rules.