Ferrero Loses Interest In Cadbury (CBY)?

Already seen as a long-shot bidder, Italian chocolate maker Ferrero's interest in Cadbury plc (ADR) (NYSE: CBY) has cooled as the hurdles of getting financing and finding suitable partners before the deadline becomes increasingly daunting, sources familiar with the situation said.

With Ferrero more firmly on the sidelines and the other potential rival Nestle (OTC: NSRGY) ruling itself out of the auction, the Hershey Company (NYSE: HSY) has become more isolated in its ability to launch a bid to counter hostile suitor Kraft Foods Inc. (NYSE: KFT).