Mills mall value falls to $11MTARENTUM — A real estate market research firm says a Pittsburgh-area mall that was worth at about $190 million a decade ago is now valued at $11 million. Duquesne University marketing professor Audrey Guskey said that the appraisal value of the Galleria at Pittsburgh Mills is becoming “dangerously low” and it could lose more retailers.The mall is located along Route 28 in Frazer Township. The New York City-based research firm Trepp LLC says the new valuation came from the loan servicer Berkadia Commercial Mortgage.Wells Fargo foreclosed on the mall in November, saying Pittsburgh Mills Limited Partnership, owned by Johnstown-based Zamias Services, owes about $143 million on the original $133 million loan taken out in 2006. The loan matured in April.

Oreo maker ends talks for HersheyNEW YORK — Oreo cookie maker Mondelez says it has ended discussions to buy The Hershey Co, a combination that would have created a global powerhouse selling some of the world’s best known chocolates and snacks.Hershey had said in June that it rejected a preliminary takeover bid from Mondelez International valued at roughly $22.3 billion, according to FactSet. It said at the time that the offer provided “no basis for further discussion.”A representative for Hershey said the company had no comment beyond acknowledging that it had been in talks with Mondelez and that they had fallen through.Mondelez CEO Irene Rosenfeld said the company decided “there is no actionable path forward toward an agreement” following additional discussions.