In a move that’s a bit like saying, ‘No, we broke up with you,’ Mondelēz International, Inc. has announced it has ended discussions with The Hershey Company regarding a possible combination of the two companies.
The announcement comes after Hershey clearly said this summer that it wasn’t interested in pursuing an acquisition deal. Back in June when Mondelez originally proposed an acquisition, Hershey released a statement saying, “[The Hershey Co’s] board unanimously rejected the indication of interest and determined that it provided no basis for further discussion between Mondelēz and Hershey.”