Business and Finance Business and Finance
Tue, December 24, 2024
[ Tue, Dec 24th 2024 ] - MSN
Fitness Influencer Dead at 43
[ Tue, Dec 24th 2024 ] - MSN
2024 in North Country Politics
[ Tue, Dec 24th 2024 ] - MSN
Nissan and Honda start merger talks
[ Tue, Dec 24th 2024 ] - fbcnews
Athletes undergo offseason training
[ Tue, Dec 24th 2024 ] - mwnation
Govt hikes social cash transfer
[ Tue, Dec 24th 2024 ] - MSN
The Science of It: Dinos in Lights

Hershey's Trust Rejects Mondelez's Buyout Bid. What Investors Need to Know.


Published on 2024-12-24 00:23:52 - MSN
  Print publication without navigation

  • December, some Hershey (NYSE: HSY) investors might have thought their Christmas was coming early. A media report stated that a deep-pocketed suitor had made a preliminary offer to buy out the company.

The Hershey Trust, which controls a significant portion of Hershey's voting stock, has rejected a buyout offer from Mondelez International, the maker of Oreo and Cadbury. Mondelez had proposed a deal that would have valued Hershey at over $120 billion, but the Trust deemed the offer insufficient. This decision underscores the Trust's commitment to maintaining control over Hershey, prioritizing the company's long-term growth and its mission to benefit the Milton Hershey School. The rejection highlights the complexities of acquiring a company with a unique governance structure like Hershey, where the Trust's influence plays a pivotal role in strategic decisions. Investors should note that while this move might protect Hershey's independence, it could also impact potential future growth strategies and shareholder value in different ways.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/hershey-s-trust-rejects-mondelez-s-buyout-bid-what-investors-need-to-know/ar-AA1wolU8 ]
Similar Business and Finance Articles