Why Hershey Rejected Mondelez's $23B Takeover Offer

Hershey snubbed a preliminary takeover offer from Mondelez International for $107 a share in cash and stock, turning down a deal that would have created the world’s largest candy company.

Jul 1st, 2016

Hershey snubbed a preliminary takeover offer from Mondelez International for $107 a share in cash and stock, turning down a deal that would have created the world’s largest candy company.

Today in Manufacturing Podcast

Today in Manufacturing Podcast

Today in Manufacturing has a new podcast brought to you by the editors of Industrial Media. In each episode, we discuss the five biggest stories in manufacturing, and the implications they have on the industry moving forward.

Huntsville, Ala.

Alabama Companies Win Multi-Year Military Contracts

The two Huntsville companies secured deals worth $888 million.

A restaurant in Santa Monica, Calif., March 16, 2021.

California Plans Statewide Reopening in June

With more Californians getting vaccinated and a recall threat looming, Gov. Gavin Newsom is taking a simpler approach.

Toshiba Considers Going Private

The Japanese company is reportedly reviewing an $18 billion offer from a private equity group.

In this Wednesday, March 10, 2021 file photo, waiter Jose Bravo, center, delivers food for Alberto Castaneda, left, and his wife, Esther, at Picos restaurant in Houston. The Institute for Supply Management, an association of purchasing managers, reported Monday, April 5 that the U.S. services sector, which employs most Americans, recorded record growth in March as orders, hiring and prices all surged.

Services Sector Surges to Record High

Services — such as banks, retailers and restaurants — account for 71% of all U.S. jobs.

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Oregon Tech Faculty Union Votes to Authorize Strike

It would be the first-ever faculty strike at an Oregon public university.

In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, even though they reported big pretax profits as a group. That's according to the Institute on Taxation and Economic Policy, a group that believes the tax system needs to raise more revenue.

Despite Profits, Many Big Companies Pay Zero US Tax

More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates.

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Electric Van Production Planned at Former Hummer Site

The company said it has more than 45,000 orders for the Class 1 vehicle.

In this file photo, a visitor walks by an advertisement of LG Electronics' product at an electronic shop area in Seoul, South Korea.

LG to Exit Mobile Phone Business

Once the third-largest mobile phone maker, the company will now shift to smart technologies.

President Biden during a Cabinet meeting in the East Room of the White House, April 1, 2021.

Biden's 'Jobs Cabinet' to Sell Infrastructure Plan

But the president will get no cooperation from the GOP.

The P-8A is a long-range anti-submarine and anti-surface warfare aircraft used by the U.S Navy.

Boeing Gets $1.6B for Submarine Hunters

The P-8A is a long-range anti-submarine and anti-surface warfare aircraft used by the U.S. Navy.

Vaccine production staff demonstrate operations at a facility in Germany.

Johnson & Johnson Threw Out 15 Million COVID-19 Vaccine Doses

But that shouldn't scare you.