Word: hershey
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While a merger or partnership could enhance Hershey's global growth prospects, it's not critical for the company's survival. Hershey still leads chocolate sales in the U.S., with a 40% market share...
...Hershey and Nestlé have had discussions but faced an impasse over who would get the gum business, according to someone familiar with the situation. Nestlé wants the gum operations for itself, while Hershey prefers it be shared through a joint venture...
...Hershey could also form a partnership with Cadbury, although this would require Hershey's Trust to relinquish control of the company - which Growe thinks is unlikely...
...Hershey doesn't step up, "its growth ability will be dramatically impaired," says an observer, adding that it has "an ability now to put gum and chocolate together in the U.S. and be a real competitior to Mars-Wrigley...
...Hershey spokesman Kirk Saville declined to comment, saying Hershey doesn't make statements on merger-and-acquisition issues...