Daily Archives: August 30, 2016

Mondelez backs out of bid to acquire Hershey

Mondelez International, Inc, the US-based global beverage and confectionery behemoth behind such names as Cadbury, among others said on Monday it was backing out of a $23bn bid to acquire US chocolate candy maker Hershey.

GSK Consumer Nigeria extends deal closure date

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria Plc”) said on Tuesday it has shifted the closure date to sell its drinks business to Suntory Beverage & Food Nigeria Ltd to 30th September 2016. The transaction was initially expected to close on 31st August 2016.