Hershey's Trust Rejects Mondelez's Buyout Bid. What Investors Need to Know.
The Motley Fool
DECEMBER 23, 2024
Two days later, news broke that the company's controlling shareholder rejected the suitor's bid. According to Bloomberg, which in two separate articles reported Mondelez's actions, Hershey Trust felt the bid was too low. The stock's rally lasted about as long as a hunk of chocolate placed on a live radiator.
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