The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Failed deal reinforces Hershey's image as a company not for sale

Published Tue, Aug 30, 2016 · 09:50 PM
Share this article.

New York

THE latest failed acquisition of Hershey Co has renewed the chocolate maker's reputation as a company that can't be bought.

After Mondelez International Inc abandoned merger discussions on Monday, Hershey shares plunged as much as 12 per cent and left investors with a familiar taste.

For years, Hershey has been the subject of takeover speculation. And for years, deal talks have sputtered and died. The most recent rejection came after Mondelez proposed sweetening its offer to US$115 a share, accord…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here