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Nestle may join the bid battle for Cadbury's.

Europe Intelligence Wire

| November 24, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Yorkshire Post)

Byline: Greg Wright Deputy Business Editor

Kit Kat and Aero maker Nestle is said to be considering its options, which could see it put forward an offer to rival the hostile AGBP9.8bn bid from US giant Kraft.Hershey, the American chocolate firm, and Italy's Ferrero have already confirmed they are looking at their options amid mounting excitement over a bid contest for the Dairy Milk maker.Shares in the British blue chip company increased more than 2 per cent to their highest level since the Kraft takeover saga began, taking the stock to levels not seen since June 2007."We think the probability of a competitive auction for Cadbury has increased," …

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