NEW YORK, N.Y. – Hershey rejected a $22.3 billion takeover bid Thursday that would have brought together some of the best-known cookie and chocolate brands under one company. Its wooer is Mondelez, which was spun off from Kraft in 2012.
Here’s a look at the two companies:
MONDELEZ INTERNATIONAL INC.
BRANDS: Oreo and Chips Ahoy cookies, Cadbury and Toblerone chocolates, Ritz and Triscuit crackers, Trident and Stride gum.
EMPLOYEES: About 99,000 at the end of last year.
HEADQUARTERS: Deerfield, Illinois
THE HERSHEY CO.
BRANDS: Hershey’s Kisses, Reese’s Peanut Butter Cups, Ice Breakers mints, Jolly Rancher and Twizzlers candies, Krave beef jerky.
EMPLOYEES: About 20,700 at the end of last year.
HEADQUARTERS: Hershey, Pennsylvania