maz

Hershey: Ripe for Cadbury's Picking

"Originally Cadbury agreed to spin-off its beverage unit in order to get the deal done. That might not be a concession Hershey has the ability to push for this time around."

What do you mean here? Cadbury IS spinning off its NA Beverage unit as Dr Pepper Snapple Group with shares (not ADR's) listed on the NYSE - probable symbol DPS. Cadbury-Schweppes will be renamed Cadbury PLC and listed on the LSE. ADR's will trade on the NYSE under the symbol CBY not the old CSG.

Upshot is that Hershey's will not have to consider the beveragew unit in your scenario as they would be dealing with Cadbury PLC

Hersheys already makes Cadbury chocolates in the US so it makes sense but I suspect that Cadbury PLC will itself be a very attractive target for larger corporations - more attractive than Hershey.