Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Nuts to that; Hershey rejects kiss from chocolate competitor


NEW YORK — Hershey says its board has unanimously rejected a takeover offer from Oreo maker Mondelez and that the offer provided "no basis for further discussion."

The chocolate maker confirmed that it received the preliminary offer from Mondelez International to be taken over for a mix of cash and stock totaling $107 for each share of Hershey common stock.

That would value the deal at roughly $22.3 billion, according to FactSet.


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