A little more than eight years after Hershey rebuffed a takeover bid from Mondelez, Bloomberg said the Cadbury owner had made what the news outlet called a “preliminary approach” to buy Hershey.
Bob O'Brien with the Barron's Video Report notes Credit Suisse has cut its rating on Hersey to underperform, arguing that a takeover by Nestle isn't quite as compelling as some investors believe.