What's Going On With Hershey Shares Wednesday? - Hershey (NYSE:HSY)

Published on 11 Dec 2024 on Benzinga

What's Going On With Hershey Shares Wednesday? - Hershey (NYSE:HSY)

The Hershey Company HSY stock is moving lower on Wednesday. The Hershey Trust Co., holding 80% of the voting power in Hershey, turned down a preliminary bid from Mondelez International, Inc. MDLZ.

The Details: The Hershey Trust rejected the bid, citing that the offer was too low, according to Bloomberg. In 2016, the two companies attempted to reach an acquisition agreement, but talks stalled after Hershey turned down a $23 billion bid.

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NYSE.HSY price evolution

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