abandoned-deal
Mondelez abandons pursuit of U.S. chocolate maker Hershey
August 30, 2016 by elegant · Leave a Comment
The abandoned deal, which would have created the world's largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey's Kisses and Reese's Peanut Butter Cups. The trust which controls Hershey was set up by the company's founder over a century ago to fund and run a school for underprivileged children. Hershey rejected a $107 per share acquisition offer from Mondelez at the end of June.
View original here:
Mondelez abandons pursuit of U.S. chocolate maker Hershey