Mondelez International

Hershey’s Main Owner Rejects Mondelēz’s Offer As Too Low – Bloomberg

Hershey’s main controlling owner has rejected Mondelēz International’s takeover offer, saying it was too low, Bloomberg News has reported.

Mondelēz International is exploring the acquisition of chocolate-maker Hershey, Bloomberg News reported on Monday.

Mondelēz International announced its Cadbury sharing bars in the UK and Ireland will be wrapped in 80% certified recycled plastic packaging.

Mondelēz International beat third-quarter revenue and profit estimates on Tuesday on a rebound in demand and higher prices.

Mondelēz International missed expectations for second-quarter revenue on as budget-conscious customers opted for lower-priced alternatives.

Nestlé Ireland has appointed Niamh Twyford as country manager for confectionery, where she will work with brands such as KitKat and Aero.

Mondelēz has been fined €337.5 million by the European Union antitrust regulators for impeding cross-border trading between EU Countries.

Cadbury parent company Mondelēz International beat market expectations for first-quarter sales and profit on Tuesday.

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