Hershey, Yildiz Holding reportedly among bidders interested in acquiring US chocolate producer Russell Stover; initial bids in excess of US$1B
May 16, 2014
(Industry Intelligence Inc.)
– According to people familiar with the matter, Hershey Co. and Yildiz Holding AS are among the bidders interested in acquiring Russell Stover, the third-largest chocolate producer in the U.S. in terms of sales, The Wall Street Journal reported May 16.
Sources say that Russell Stover hired Goldman Sachs Group to find buyers for its businesses and that first-round offers were in excess of US$1 billion.
The primary source of this article is The Wall Street Journal, New York, New York, on May 16, 2014. Click here to read the primary source's full version of the article.