Hershey's Rebuffs Mondelez's Low Offer Amid Merger Uncertainty
TL;DR
Hershey Trust Co., the main owner of Hershey Co. with significant voting power, has rejected a takeover offer from Mondelez International Inc., deeming it too low. This decision could halt the potential merger that would have created a food giant with nearly $50 billion in combined sales.
- Hershey’s Main Owner Rejects Mondelez’s Offer as Too Low (HSY, MDLZ) Bloomberg
- Why might Mondelez still be sweet on Hershey? Yahoo Finance
- Possible takeover of Hershey: What's the impact? What could prevent a merger? WGAL Susquehanna Valley Pa.
- Hershey Stock Falls. Mondelez Hints Deal for Chocolate Maker Doesn’t Fit Its Strategy. Barron's
- Traders sour on Hershey as Mondelēz appears cool to potential merger Investopedia
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