Hershey's main owner rejects Mondelez's takeover offer as too low

From Investing.com: 2024-12-11 11:50:37

Hershey’s controlling owner rejects Mondelez’s takeover offer as too low. Mondelez had been exploring acquiring Hershey to create a major confectionery company. The Hershey Trust Company’s approval is crucial for any deal. Mondelez plans to focus on smaller deals after recent acquisitions. The Oreo maker previously failed to acquire Hershey in 2016. Hershey shares, which surged earlier, fell 3.3%, while Mondelez shares rose 3.5%.



Read more at Investing.com: Hershey’s main owner rejects Mondelez’s offer as too low, Bloomberg News reports By Reuters