Hershey board unanimously rejects preliminary offer from Mondelez
Hershey's board unanimously rejected a $23 billion offer from its rival Mondelez International. In a statement, the maker of Hershey's Kisses and Reese's Peanut Butter, said it turned down the offer after determining "that it provided no basis for further discussion between Mondelez and the company." Hershey said Mondelez, the maker of Oreo cookies and Cadbury chocolate, offered it $107 a share in cash and stock. [node:read-more:link]