Stocks to watch: Del Monte Pacific, Trek 2000 International

Stocks to watch: Del Monte Pacific, Trek 2000 International

THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 12):  Del Monte Pacific: The Philippine food-and-beverage manufacturer’s net loss deepened to US$22.2 million for the second quarter ended Oct 31 from US$8.5 million in the previous corresponding period. The company on Wednesday attributed this to its US subsidiary…

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Hershey’s main owner rejects Mondelez’s offer as too low

Hershey’s main owner rejects Mondelez’s offer as too low

THE main owner of US chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International, sources familiar with the matter said, potentially ending a fresh pursuit that would have created a food giant with combined sales of almost US$50 billion. Hershey Trust, which has roughly 80 per cent of the voting power at…

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