The Associated Press just moved an "alert" that says "Hershey won't make bid for Cadbury, paving way for Kraft's deal for the British candy maker."

That would seem to confirm a story in the Financial Times, which said that "Hershey has decided not to mount a bid for Cadbury, abandoning its hope of using the British confectioner as a path to global expansion and conceding that Kraft's recommended bid ... is too high for it to top."

Kraft has offered $19.5 billion for Cadbury. The American food giant's plan to gobble up Cadbury isn't going down well with may Britons, as our friends at Planet Money reported earlier this week.