Hershey rejects $47b Mondelez offer

HERSHEY Co (HSY.N) said on Thursday it had rejected a $US23 billion ($F47b) preliminary offer by Mondelez International Inc (MDLZ.O) that would seek to expand the latter’s limited US footprint and create the world’s largest confectioner. The snub underscores the challenges Mondelez faces in wooing Hershey’s controlling shareholder, the Hershey Trust, a $US12b ($F24b) charity […]

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