Hershey's Said to Snub Mondelez Offer

The transcript discusses Hershey's control over its ownership and its resistance to takeover bids, referencing past rejections of offers. It speculates on the potential for future bidding if the Hershey Trust shows interest. The challenges Hershey faces, such as rising cocoa prices, are highlighted, along with the aggressive M&A activities of competitors like Mars. The transcript concludes with Mondelez's strategy of focusing on smaller acquisitions.

How are competitors like Mars impacting Hershey's business strategy?

What type of acquisitions is Mondelez focusing on according to the text?