M&A

22 November, 2009

Nestle may consider a bid for Cadbury-Bloomberg

* Nestle still weighing options, BBG says citing sources

* Nestle may also decide against bid, BBG reports

* Nestle declines to comment

ZURICH, Nov 22 (Reuters) - Swiss food giant Nestle (NESN.VX) may consider a bid for Britain's Cadbury (CBRY.L) to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc (KFT.N) and a potential move by Hershey (HSY.N), 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 U.S.-based Hershey have teamed up and said on Wednesday they were reviewing a possible offer for Cadbury. [ID:nLK612249]

Analysts view Nestle as a potential suitor for Cadbury. (Writing by Lisa Jucca; Editing by Jon Loades-Carter) ((elisabetta.jucca@thomsonreuters.com; +41 58 306 7354; Reuters Messaging: elisabetta.jucca.reuters.com@reuters.com))

Source: http://www.reuters.com