Traders sour on Hershey as Mondelēz appears cool to potential merger
Hershey(HSY) Investopedia·2024-12-12 01:40
Key TakeawaysHershey shares fell as traders digested updates suggesting that it was unlikely to merge with Mondelēz International.Mondelēz said it was focused on purchases that are easier to pull off, and Bloomberg reported its bid was rejected as too low.The candy company previously rebuffed an acquisition offer from Mondelēz in 2016. Hershey (HSY) shares fell Wednesday as traders absorbed news that the candy giant might be less likely to merge with Mondelēz than first thought. Mondelēz International (MDLZ ...