HERSHEY, Pa. (WHTM)– The Hershey Company has rejected Mondelez International’s offer to buy out the company.
The deal, which could’ve created one of the world’s largest confectioners, wasn’t realistic for the Hershey Company as they declared it was “too low to entertain.”
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Hershey’s refusal of the deal caused the company’s stock to tumble by 5%. The news of the potential buy-out had initially sent Hershey’s stock up by nearly 15%…