Mondelez International No Longer Pursuing Combination with Hershey

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Cost Cuts and Potential Kraft-Heinz (KHC) Bid Could Be Next for Mondelez (MDLZ) - RBC

August 30, 2016 1:22 PM EDT

RBC Capital analyst David Palmer weighed in on what Mondelez's (NYSE: MDLZ) dropped bid for Hershey (NYSE: HYS) means for the company.

Palmer said while Mondelez could look for other acquisitions, they continue to believe the company will... More