A solution to facilitate a Cadbury-Hershey merger and repel Kraft’s $16.6bn hostile bid for the UK confectioner has been outlined in a letter to Cadbury CEO Todd Stitzer from the special situations team at brokerage GFI, reports FT Alphaville. The letter proposes a dual-listed company structure similar to that adoped in the 2003 merger of London-listed P&O Princess Cruises by Carnival Corp of the US which, according to the letter’s author Richard Royden, would elegantly resolve the obstacles to a Hershey-Cadbury deal.

This entry was posted by Gwen Robinson on Friday, November 20th, 2009 at 4:14 and is filed under Capital markets, M&A, People. Tagged with Cadbury, Carnival, gfi, hershey, kraft. Edit this entry.