Ferrero mulling Cadbury offer

LONDON, UK: Italian chocolate maker Ferrero said on Wednesday, 18 November 2009, that it was mulling options on a possible counter-bid for British confectioner Cadbury, whose board rejected a hostile takeover offer by Kraft Foods. "Ferrero notes the recent press speculation regarding a potential offer for Cadbury... Ferrero confirms it is in the preliminary stages of evaluating its options in respect of Cadbury," the group said in a brief statement.