CNBC's Faber: Mondelez has bid $107/shr for Hershey, bid is half cash and half stock
- key remains the Hershey Trust as they will be the deciding vote
- initial bid includes provisions designed to get the Hersey Trust to give a favorable opinion on a deal: Would retain the Hersey name and manufacturing jobs in the US
- any bid would trigger loss of KitKat license which would go back to Nestle; KitKat is about 10% of Hersey business