Italian chocolatemaker Ferrero rules out buying UK’s Cadbury
Tuesday, January 26, 2010
Italian chocolatemaker Ferrero has ruled out making a bid to purchase United Kingdom confectioners Cadbury. The move comes after Cadbury's board recommended accepting a takeover bid by United States firm Kraft that valued the company at £11.9 billion sterling.
Ferrero is best known for its Rocher branded chocolates and the advertisements that accompany them. It had...