Wednesday, November 18, 2009

Hershey Finds Possible Bidding Partner in Ferrero


This topic may not seem important in the grand scheme of government, because after all, what does chocolate have to do with anything pertinent in today's society? Well the answer falls in the economy. Bidding wars between two large companies are normally a sign of either a strong economy, or an economy on the verge of bettering itself. The fact that Hershey has gone beyond the borders of the United States to find a bidding partner in Ferrero International SA shows that the company is serious about countering the $16.4 billion bid from Kraft. In the end, even though it is just a chocolate bidding war, this buyout could show just how confident some companies are in their yearly revenue and and intake in terms of spending ability. Article link is here.

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