Mondelez is the maker of Oreo cookies and Cadbury chocolates. This has happened two months after the US chocolate company turned down its $23 bn cash-and-stock bid. The abandoned deal, which would have created the world’s largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey’s Kisses and Reese’s Peanut Butter Cups.

Mondelez International no longer pursuing the acquisition of Hershey

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