As reported by Drinks Business Review Online
Shares in branded food and beverage company Cadbury Schweppes have been lifted by renewed talk that Nestle is eyeing the business as a potential takeover target.
As one of the main blue-chip risers, Cadbury rose 6.5 pence to 555 pence yesterday. Other dealers wondered, however, if a marriage with Nestle would be approved by regulators.
US broker Citigroup told the Guardian newspaper that Cadbury's could also be a target for Hershey's, which has expressed the desire to reduce its dependence on chocolate and develop a presence in emerging markets.
"A deal would combine Hershey's dominant presence in the US with Cadbury's strength in international markets, creating a global confectionery powerhouse with a 16% market share, some 70% larger than Mars," Citigroup told the Guardian.