SHARES in Cadbury hit a two-year high yesterday as reports suggested Swiss food group Nestle is considering entering the battle to buy the business.
Kit Kat and Aero owner Nestle is said to be considering making an offer for Cadbury to rival the hostile £9.8bn bid from US giant Kraft.
US chocolate maker Hershey 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 Cadbury rose by 13.5p to 814p yesterday – its highest level this year.
At one point, shares rose by more than 2% to their highest level since the Kraft takeover saga began – reaching levels last seen in June, 2007.