HERSHEY, Pa. (

TheStreet

) --

Hershey

(HSY) - Get Report

could go solo in a bid for

Cadbury

(CBY)

, the

New York Post

reports.

The trust that controls Hershey, the U.S. chocolate company, is considering making an offer for Cadbury on its own. The trust, which owns 80% of Hershey's voting shares, could meet as early as next week to discuss the matter, the

Post

reports, citing a person with direct knowledge of the discussions.

The trust appears more willing to risk its investment-grade rating in order to finance a solo bid for Cadbury, the

Post

reports. It would have to borrow heavily to finance the bid.

Cadbury, the U.K. confectioner, earlier this month said its board unanimously rejected a takeover offer from

Kraft Foods

(KFT)

, reiterating that the $16.2 billion offer was "wholly inadequate" and recommended shareholders reject the bid.

Hershey has been linked with Italian chocolate maker

Ferrero

in a possible joint bid for Cadbury. It was reported earlier this week that Ferrero was still mulling a

possible bid

for Cadbury.

Bids for Cadbury are due Jan. 19.

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-- Reported by Joseph Woelfel in New York.

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