Mondelez Makes Takeover Bid For Hershey

CNNMoney Kraft and Mondelez split in 2012. Are they about to get back together? http://cnnmon.ie/2gNuLJT $KHC $MDLZ

Oreos for Warren Buffett? Mondelez shares pop up on Kraft Heinz takeover rumor

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111 months ago

Reuters Hershey Co, the chocolate maker that Oreo cookie-maker Mondelez International Inc tried to buy earlier this year, said on Friday that Chief Executive John Bilbrey would retire from his post on July 1.

Hershey CEO Bilbrey to retire in July, stay as non-executive chairman

www.reuters.com

113 months ago

Reuters Mondelez International Inc (MDLZ.O), the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co (HSY.N), two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid.

Mondelez abandons pursuit of U.S. chocolate maker Hershey

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115 months ago

The Wall Street Journal Mondelez ended its bid to acquire Hershey after the famed chocolate-bar maker rebuffed a new takeover offer and indicated it would be difficult to strike a deal before next year.

Snack Maker Mondelez Drops Pursuit of Hershey

wsj.com

Mondelez Chief Executive Irene Rosenfeld privately indicated to Hershey officials a willingness to raise the bid to $115 a share last week, according to a person familiar with the matter. Hershey responded that the starting point for discussions woul Read more ... d need to be $125 a share.

115 months ago

The Wall Street Journal Residents of the town that chocolate built fret the tap might run dry if Hershey is sold or merges with a suitor such as Mondelez.

Hershey, Pa., Is the Town That Chocolate Built

wsj.com

Hershey, Pa., runs on chocolate and has enjoyed many benefits over the years. As a result, residents worry about corporate suitors like Mondelez, which offered to buy Hershey Co. in June.

115 months ago

The Wall Street Journal The Pennsylvania attorney general’s office is threatening to take the Hershey trustees to court if they don’t make governance reforms at the trust by the end of the month.

Hershey’s Controlling Trust Is Besieged at a Pivotal Juncture

on.wsj.com

The trust that controls Hershey could be asked to consider the sale of one of America’s most famous brands to snack giant Mondelez at the same time the trustees are under scrutiny by Pennsylvania’s attorney general.

116 months ago

Yahoo Finance "People like things to stay the way they are."

'Sweetest place on earth' clings to Hershey, adding to takeover hurdles

yhoo.it

The impact of such views goes beyond sentimental in the wake of Mondelez International Inc's (MDLZ.O) $23 billion bid to buy the company, which Hershey said on June 30 it had rejected. The town of Hershey, where the company's staunchest loyalists are Read more ... referred to as "Hershey-ites", has real influence...

117 months ago

The Wall Street Journal Why it's such a big challenge to gain control of Hershey's chocolate empire.

Prospective Hershey Suitors Face Numerous Unusual Hurdles

on.wsj.com

Snack maker Mondelez International Inc. or any other potential bidder for Hershey Co. is up against not only a board that indicated it doesn’t want to sell, but a secretive, controlling shareholder—and the state’s top law officer.

117 months ago

Reuters Mondelez International Inc (MDLZ.O) made a $23 billion takeover offer for Hershey Co (HSY.N), looking to create the world's largest confectioner, a person familiar with the matter said on Thursday.