Mondelez (MDLZ) Made Takeover Approach for Hershey (HSY) - DJ
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Price: $185.02 +0.09%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 2.9%
Revenue Growth %: +4.0%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 2.9%
Revenue Growth %: +4.0%
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(Updated)
Mondelez (Nasdaq: MDLZ) made a takeover approach for Hershey Foods (NYSE: HSY), according to Dow Jones, citing people familiar. Mondelez reportedly sent a letter to Hershey Foods this month.
Later reports from CNBC and Bloomberg suggested Mondelez made a $107 per share cash and stock offer.
Mondelez is said to have pledged to protect jobs. It is not yet known if Hershey Trust, which holds 81% of voting power, is open to a sale.
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