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Hershey Refuses to take $23bn Offer from Mondelez

  • Hershey Refuses to take $23bn Offer from Mondelez

    Hershey, the fifth largest confectionery global company has rejected $23bn which Mondelez, the second in the list, offered. Mondelez had assured the company to keep its name and also preserve the jobs, but Hershey refused to take the entire offer. The deal is assumed to have been a great benefit for Hershey as it would have strengthened the global presence of the company.