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Jun 05, 2020 PRINT EDITION
World

Chocolate maker Hershey says it has rejected Mondelez takeover bid

NEW YORK: US chocolate maker Hershey said Thursday it had rejected a preliminary takeover bid of about $23 billion from

June 30, 2016

imageNEW YORK: US chocolate maker Hershey said Thursday it had rejected a preliminary takeover bid of about $23 billion from food giant Mondelez, whose brands include Cadbury.

The Hershey board of directors said it "carefully reviewed" a bid of $107 per share for the company and "determined that it provided no basis for further discussion between Mondelez and the company."

Copyright AFP (Agence France-Presse), 2016