Word: nestled
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...July 2008, when Gaddafi's son Hannibal and his wife were arrested by police in Geneva for allegedly beating their two servants at a local hotel. Gaddafi was so enraged by his son's two-day detention that he immediately retaliated by shutting down local subsidiaries of Swiss companies Nestlé and ABB in Libya, arresting two Swiss businessmen for supposed visa irregularities, canceling most commercial flights between the two countries and withdrawing about $5 billion from his Swiss bank accounts. (See TIME's exclusive interview with Gaddafi on Obama, Israel and Iran...
Until now, the trust has steadfastly insisted it prefers to go it alone, even rejecting a $10.2 billion bid made jointly by Cadbury and Nestlé in 2002. It does, however, hold the rights to manufacture and distribute Cadbury's products in the U.S. through a 1988 licensing agreement, notes Kirk Saville, a Hershey spokesman...
...would be very hard to move into these countries without Cadbury or Nestlé or somebody else [who is already there]," says Marcia Mogelonsky, a senior analyst at Mintel International Group, a market-research company...
...Hershey, this price tag would be tough to handle on its own and would most likely require 65% equity financing and $225 million in synergies to make financial sense, says Growe. However, Hershey could potentially team up with Nestlé to bid for Cadbury, with Hershey grabbing Cadbury's chocolate business and Nestlé picking up its chewing gum and candy operations. "They could divide and conquer without giving up control of the company," he says...
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...