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The company confirmed it received a preliminary offer from Mondelez 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. Comment?
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. The Wall Street Journal, citing sources it did not name, reported earlier in the day that Mondelez recently sent Hershey a letter proposing the deal. Comment?
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