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Hershey, Mondelez
What Is the Hershey Trust and Why Can It Block Takeover Deals?
Hershey Trust Co. is a rarity in corporate America. It owns almost all of Hershey Co.’s Class B stock, giving it roughly 80% of the voting power of the company. That clout was apparent this week when it rebuffed a takeover attempt by Mondelez International Inc.
Hershey Trust Co. rejects preliminary takeover offer from Mondelez: report
According to Bloomberg, the Hershey Trust Co. rejected a takeover bid by Mondelez International, Inc. to acquire the Hershey Co. in Derry Township. File photo by Dan Gleiter |
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PENNLIVE.COM
Hershey Co. rejects Mondelez takeover bid
The main controlling owner of Hershey Co. has reportedly turned down Mondelez International Inc.’s preliminary takeover offer.
Crain's Chicago Business
3h
Is Hershey the white whale for Oreo-maker Mondelez?
The Chicago-based snack maker is reportedly exploring an acquisition of the iconic chocolate company. It's not the first time ...
13h
Mondelez Has Plenty of Reasons to Try Again to Buy Hershey
Mondelez International Inc.’s latest overture for Hershey Co. underscores the challenges posed by sky-high cocoa prices and ...
5h
What's Going On With Hershey Shares Wednesday?
What Else: Today, Mondelez announced a $9 billion share repurchase program. The share repurchase authorization will begin Jan ...
7h
FACT CHECK: Did RFK Jr. Announce He Will Ban Hershey’s Chocolate?
A post shared on social media purports Robert F. Kennedy Jr. announced he will ban Hershey’s chocolate once President-elect ...
23h
Possible takeover of Hershey: What's the impact? What could prevent it?
After Mondelez reportedly approached the Hershey Company about an acquisition, we're taking a closer look at the potential ...
10h
Hershey tumbles after Mondelez announces $9B share repurchase authorization (update)
Updates shares, adds CNBC reporting,Hershey (NYSE:HSY) sunk 5.5% after Mondelez announced it approved a new share r ...
6h
Arrest of homicide suspect turned violent quickly, ended in tragedy: Harrisburg police chief
Thomas Carter spoke at a news conference Wednesday about the fatal police shooting Tuesday. Harrisburg's mayor and the school ...
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