billion-bid

‘Sweetest’ town clings to Hershey, adding to takeover hurdles

The impact of such views goes beyond sentimental in the wake of Mondelez International Inc's $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 referred to as “Hershey-ites”, has real influence over corporate decisions. The Hershey Trust, a $12 billion school charity and the company's controlling shareholder, has become increasingly involved in the local community over the decades, and

See original here:
‘Sweetest’ town clings to Hershey, adding to takeover hurdles

billion-bid

China seeks food security with $43 billion bid for Syngenta

By Ludwig Burger BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. The largest ever foreign purchase by a Chinese firm, announced by both companies, will accelerate a shake-up in global agrochemicals and marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. …

See the rest here:
China seeks food security with $43 billion bid for Syngenta