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The humble Kit Kat bar could give the finger to most of Hershey's suitors. The US candy company, which rejected a $23-billion bid from Cadbury owner Mondelez last week, licenses the British snack from Nestle, which could take the American rights back if Hershey is sold.

The arrangement gives the Swiss food group leverage to play kingmaker. Hershey spurned Mondelez's $107-per share offer, saying it provided "no basis for further discussion". Still, with the charitable trust that controls more than 80 per cent of Hershey's.....

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