*Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS, July 29- Anheuser-Busch InBev's chief executive urged SABMiller shareholders on Friday to recognise its improved takeover offer as a compelling last chance as it waits for its rival's view on the new $100- billion- plus bid. The maker of Budweiser, Stella Artois and Corona raised its bid for... » Read More
HONG KONG, July 6- China Vanke Co Ltd's largest shareholder has nudged up its stake after a setback in its efforts to oust the property developer's board, fanning speculation of a rare hostile takeover bid for a mainland Chinese company. Baoneng built up a holding of about 24 percent last year and fearing a hostile bid, Vanke's management last month announced a...
The "Fast Money" traders discuss the trade on Harley Davidson with possible takeover chatter from KKR.
The U.S. Department of Justice said Sanchez lied in a July 2011 Securities and Exchange Commission deposition when he denied knowing other people who bought Potash securities before Potash revealed Anglo-Australian mining company BHP Billiton Plc's unsolicited $38.6 billion takeover bid. Prosecutors said the SEC did not discover the account and the...
NEW YORK/ LOS ANGELES, July 1- An elaborate structure put in place to preserve Hershey Co's ties to its local community has been roiled by scandal, creating an opening that Mondelez International Inc seized on to launch a $23 billion for the chocolate giant. But the Trust set up over 100 years ago to help underprivileged children is now being investigated by the...
CNBC's Courtney Reagan has details of a takeover bid report for Harley-Davidson. The FMHR traders, and Stephanie Link, TIAA Global Asset Management, discuss the likelihood of this deal with KKR.
The chocolate company received a preliminary offer from Mondelez for a mix of cash and stock totaling $107 per Hershey share.
Hershey said on Thursday it had rejected a $23 billion takeover bid by Mondelez International.
June 30- Hershey Co said on Thursday it had rejected a $23 billion takeover bid by Mondelez International Inc that would seek to expand the latter's limited U.S. footprint and create the world's largest confectioner. The snub underscores the challenges Mondelez Chief Executive Irene Rosenfeld faces in wooing Hershey's controlling shareholder, the Hershey...
Discussing Mondelez's failed takeover bid for Hershey with the "Fast Money" traders.
June 30- Hershey Co said on Thursday it had rejected a $23 billion preliminary offer by Mondelez International Inc that would seek to expand the latter's limited U.S. footprint and create the world's largest confectioner. The snub underscores the challenges Mondelez faces in wooing Hershey's controlling shareholder, the Hershey Trust, a $12 billion charity...
CNBC's David Faber reports the latest on Hershey rejecting Mondelez's takeover bid.
The snub underscores the challenges Mondelez faces in wooing Hershey's controlling shareholder, the Hershey Trust, a $12 billion endowment created by the eponymous company's founder a century ago. The combined company would leapfrog Mars Inc, which has 13.3 percent of the global market, according to data firm Euromonitor International Ltd..
Mondelez offered to buy Hershey for $107/share. What that means to each stock, with Michael Lavery, CLSA, and Chad Morganlander, Washington Crossing Advisors.
CNBC's David Faber reports on months of discussion for Mondelez and Hershey before the offer was announced today.
Hershey shares jumped 15.1 percent to $111.86, while Mondelez rose 2.3 percent to $43.97. Tigress Financial Partners LLC analyst Philip Van Deusen said he expected the offer price to increase, given the rise in Hershey shares. Hershey received Mondelez's preliminary offer this week and has yet to respond, the source said.
A merger of two of the world's top five candy makers would make Mondelez the world's largest confectioner, leapfrogging Mars Inc, which has 13.3 percent of the global market, according to data firm Euromonitor International Ltd.. The Wall Street Journal first reported on the offer. Hershey shares jumped 15 percent to $112, giving the company a market...
CNBC's David Faber reports Kit Kat's license would revert back to Nestle from Hershey on any deal between Mondelez and Hershey. Mondelez has offered to buy Hershey for $107 per share.
Sources say Mondelez offers to move its headquarters to Pennsylvania, and change its name to Hershey, reports CNBC's David Faber. Mondelez has offered to buy Hershey for $107 per share.
Hershey shares jumped 21 percent, touching a record high of $117.79 and giving the company a market capitalization of about $25 billion. The Wall Street Journal first reported on the bid. "The Trust... is outwardly very committed to keeping the company independent," Bernstein analyst Alexia Howard had said in June last year.
June 30- Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for Hershey Co, the Wall Street Journal reported. Hershey shares jumped 21 percent on Thursday, touching a record high of $117.79. The company had a market value of $20.7 billion as of Wednesday's close.