Deals
Mondelez Said to Have Approached Hershey With Takeover Offer
- Offer said to value Hershey at $107 a share in cash and stock
- Transaction would create the world’s largest candy maker
Why Did Hershey Reject $23B Takeover Bid From Mondelez?
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Mondelez International Inc. made a takeover offer for Hershey Co., according to a person familiar with the matter, a deal that would create the world’s largest candy maker.
The bid valued Hershey at $107 a share, half in cash and half in stock, the person said, asking not to be identified as the information is private. The two companies have been talking in recent months, but no deal has been reached, the person said.