Chocolate maker Hershey says it has rejected Mondelez takeover bid
Chocolate maker Hershey
New York - Arab Today
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."
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