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Fly News Breaks for August 30, 2016
MDLZ, HSY
Aug 30, 2016 | 07:55 EDT
After Mondolez (MDLZ) terminated discussions about a merger with Hershey (HSY), Credit Suisse analyst Robert Moskow says that terminated deals "often lead to material changes at the intended target and sometimes accelerated shareholder value creation." Moskow says that Hershey should explore ways to increase its margin targets, look to spark more consumer demand, or sell its China business .into a joint venture. The analyst says that Hershey's board recognizes that it must create shareholder value, but he keeps a Neutral rating on the stock.