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Hershey Trust rejected Mondelez offer
Hershey's main owner rejects Mondelez's offer as too low, Bloomberg News reports
Hershey's main controlling owner has rejected Mondelez International's preliminary takeover offer, terming it as too low, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Hershey Trust Co. rejects preliminary takeover offer from Mondelez: report
According to Bloomberg, the Hershey Trust Co. rejected a takeover bid by Mondelez International, Inc. to acquire the Hershey Co. in Derry Township. File photo by Dan Gleiter |
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PENNLIVE.COM
Hershey’s Main Owner Rejects Mondelez’s Offer as Too Low
The main owner of US chocolate maker Hershey Co. has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said, potentially ending a fresh pursuit that would’ve created a food giant with combined sales of almost $50 billion.
Hershey falls
Mondelez’s takeover of Hershey would rank as top deal of 2024
Snack-food giant Mondelez International Inc.’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal. Chicago-based Mondelez, the maker of Oreo, Ritz, Wheat
Mondelez says to focus on 'bolt-on' deals amid report of Hershey buyout talks
Mondelez said on Wednesday it would focus on "bolt-on" deals days after a report that the Cadbury parent was exploring the acquisition of Hershey. Hershey shares, which surged as much as 19% on Monday following Bloomberg's report that Mondelez had made a preliminary approach about a possible combination with the company,
Hershey falls after Mondelez says focused on ‘bolt-on’ deals
Shares of Hershey (HSY) are moving lower after Mondelez (MDLZ) approved a new share repurchase authorization of up to $9B and said it remains
16h
on MSN
What Is the Hershey Trust and Why Can It Block Takeover Deals?
Hershey Trust Co. is a rarity in corporate America. It owns almost all of Hershey Co.’s Class B stock, giving it roughly 80% ...
Food
5h
Hershey rejects Mondelēz’s acquisition bid
Mondelēz International’s second attempt to acquire confectionery giant Hershey has been rejected by The Hershey Trust, citing ...
Penn Live
5h
Celebrate Christmas with Leslie Odom Jr. in Hershey: Where to buy tickets
Actor, singer and Broadway star Leslie Odom Jr. will be in
Hershey
next week. The entertainer, who portrayed Aaron Burr in ...
Crain's Chicago Business
17h
Is Hershey the white whale for Oreo-maker Mondelez?
The Chicago-based snack maker is reportedly exploring an acquisition of the iconic chocolate company. It's not the first time ...
19h
What's Going On With Hershey Shares Wednesday?
What Else: Today, Mondelez announced a $9 billion share repurchase program. The share repurchase authorization will begin Jan ...
1d
Mondelez Has Plenty of Reasons to Try Again to Buy Hershey
Mondelez International Inc.’s latest overture for Hershey Co. underscores the challenges posed by sky-high cocoa prices and ...
1d
Possible takeover of Hershey: What's the impact? What could prevent it?
After Mondelez reportedly approached the Hershey Company about an acquisition, we're taking a closer look at the potential ...
2d
Hershey Shareholders Shouldn’t Count on a Mondelez Jackpot
Hershey has rejected Mondelez before, and a deal would make even less sense now.
LancasterOnline
3h
2-vehicle crash on Route 30 creates major delays Thursday morning
A two-vehicle crash on Route 30 backed eastbound traffic up for miles in East Hempfield Township Thursday morning.
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