century-ago

Mondelez abandons pursuit of U.S. chocolate maker Hershey

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.

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Mondelez abandons pursuit of U.S. chocolate maker Hershey