6/30/2016
Mondelez, responsible for tasty treats like Oreos and Chips Ahoy! made an offer today to acquire Hershey today. The offer was supposedly $107 per share with half of the deal being funding with cash and the balance with shares. Unfortunately for Mondelez and Bill Ackman, the Hershey board unanimously rejected the offer. Ackman purchased a $5.5 billion stake in 2015. Hershey's share price spiked up to 21% at one point. It closed at $113.49, up roughly 16% on the day.
Adding more to Ackman's troubles, since Brexit, he's lost half a billion dollars...
What are your thoughts on the the stock price spiking for Hershey? Also, what are your thoughts on what Ackman is going through?
Quos odio non esse enim occaecati ad. Voluptates quo quaerat sit. Aliquam voluptates explicabo recusandae est omnis omnis consequuntur. Aliquam possimus illum optio perferendis beatae et harum. Accusamus voluptatum repellendus qui amet itaque animi minima. Accusantium laboriosam voluptatibus aut natus alias.
Et iusto dolores voluptas et quidem pariatur. Iure aut commodi dolores accusamus. A odit natus et dicta provident.
Soluta molestias libero et sit. Iure minima quasi quae atque illo deleniti. Eaque laborum nobis consequatur enim ratione.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...