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Fly News Breaks for July 1, 2016
MDLZ, HSY
Jul 1, 2016 | 09:04 EDT
Credit Suisse analyst Robert Moskow said in a note to investors yesterday regarding Mondelez's (MDLZ) bid for Hershey (HSY) that, if Mondelez were willing to take 5c per share of dilution in year one and lever up its debt, he figured that the company could raise its bid to as high as $122 per Hershey share. Credit Suisse has a Neutral rating and $91 price target on Hershey shares.
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