Discussions of a possible merger between Oreo owner Mondelez and The Hershey Company have ended after the two companies failed to come to an agreement.
Mondelez’s chief executive, Irene Rosenfeld, said the company decided “there is no actionable path forward toward an agreement” following the latest discussions between the two companies.
Had the deal gone through the new entity would have represented a global powerhouse with some of the world’s best-known chocolates and snacks in its products range including Cadbury and Oreo.
In June, Hershey revealed that its controlling shareholder, the Hershey Trust, had rejected a preliminary Read full story ›
Source: The Drum
Industry News