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Hershey Media Report 7/20/16

Mondelez in talks to buy Cadbury biscuits license from Burton's - Sky News
Jul 20, 2016 | Reuters
By Gayathree Ganesan and Subrat Patnaik

Oreo cookie maker Mondelez International Inc MDLZ.O is in talks to buy the license to make Cadbury biscuits from UK-based biscuit maker Burton's Biscuits Co, Sky News reported. U.S.-based Mondelez has offered to pay about 200 million pounds for the license, the news website reported on Wednesday, citing people familiar with the matter.

Mondelez in talks to buy Cadbury biscuits license from Burton's - Sky News

Jul 20, 2016 | Reuters

By Gayathree Ganesan and Subrat Patnaik

Oreo cookie maker Mondelez International Inc MDLZ.O is in talks to buy the license to make Cadbury biscuits from UK-based biscuit maker Burton's Biscuits Co, Sky News reported.
U.S.-based Mondelez has offered to pay about 200 million pounds for the license, the news website reported on Wednesday, citing people familiar with the matter.
The talks are at an early stage and may not result in a deal, the people said.
Burton's, owned by Canada's Ontario Teachers' Pension Plan, makes biscuits such as Cadbury Fingers under license from Cadbury UK.
The report comes weeks after Mondelez made a bid for Hershey Co HSY.N, which makes Kisses chocolates, for $23 billion (£17.4 billion). Hershey rejected the offer.
Mondelez already owns chocolate maker Cadbury Ltd, which it bought for about $19 billion in 2010.
Mondelez was not immediately available for comment.
A Burton's spokeswoman said the company did not comment on speculation.

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