Mondelez International Inc. spent the past two months trying to coax Hershey Co. into accepting a takeover bid, a deal that would have created the world’s largest candy company. With those discussions dead, Mondelez is facing a very different outcome: It may become a target itself. The snack giant, known for Oreos, Triscuits and other household brands, could have used the $23 billion Hershey merger to bulk up and ward off potential acquirers. But the company said Monday there was “no path forward” to a deal and walked away from discussions. The question now for Chief Executive Officer Irene Rosenfeld is if there are any other buyout candidates -- and whether getting swallowed by a...
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