Hershey says it has rejected the takeover bid from Mondelez, with a unanimous vote.
The company said it got a nonbinding indication of interest for a cash-and-stock deal totaling $107/share of Hershey common stock, along with nonmonetary considerations.
Hershey says it carefully reviewed the indication of interest, the board uninamously rejected it, and that it determined it provided «no basis for further discussion between Mondelez and the company.»
Shares of Hershey still halted. Mondelez is up 4.2%.
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