Hershey Shareholders Shouldn't Count on a Mondelez Jackpot
Hershey has rejected Mondelez before, and a deal would make even less sense now.
Cadbury owner Mondelez eyes $50bn Hershey deal
Cadbury owner Mondelez International Inc (NASDAQ:MDLZ, ETR:KTF) has renewed its interest in Hershey Company (NYSE:HSY, ETR:HSY) amid a flurry of reports suggesting the pair have begun talks to create a chocolate and snacks giant with $50 billion in annual revenues. Stock in the US candy maker shot up 10% after-hours as news of a potential deal began permeating.
S&P 500 Gains and Losses Today: Hershey Stock Simmers as Mondelez Weighs Takeover
Major U.S. equities indexes moved lower at the onset of a new trading week that will see the release of several key economic data points. In particular, Wednesday's Consumer Price Index (CPI) report could have implications for Federal Reserve officials as they weigh whether to cut interest at the final policy meeting in 2024, scheduled for Dec. 17-18.
This merger would create the world's largest candy company
Oreo-maker Mondelez is reportedly exploring a major acquisition.
Mondelez is reportedly exploring buying Hershey. Ozempic and other factors could help justify a sale, analyst says.
Shares of chocolate maker Hershey Co. on Monday were on track for their biggest percentage gain since 2016, after Bloomberg reported that Oreo maker Mondelez International Inc. was exploring a possible acquisition, as consumer trends continue to shift toward wellness and weight loss.
Hershey shares soar on report of Mondelez acquisition talks
Shares of Hershey Company (NYSE:HSY, ETR:HSY) jumped nearly 19% on Monday following a report that Cadbury-maker Mondelez International is exploring a potential acquisition of the chocolate giant that, if successful, would create one of the world's largest confectionery companies. Bloomberg News, citing people familiar with the matter, reported that Mondelez has made a preliminary approach about a possible combination.
Reports of a Takeover Send Hershey Stock Soaring
Hershey (HSY) shares climbed Monday on news that snack-food giant Mondelez International (MDLZ), is looking at acquiring the U.S.-based chocolate company.
Why Hershey Stock Soared Today
In 2016, Mondelez International failed in its attempt to buy Hershey (HSY 12.70%). Now more than eight years later, Mondelez is reportedly trying again.
Food Giant Mondelēz Reportedly Exploring Hershey Acquisition
Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That's according to a report Monday (Dec. 9) by Bloomberg News, citing sources familiar with the matter.
Hershey stock soars on report of another Mondelez takeover attempt
Oreo maker Mondelez is reportedly trying to buy Hershey. In 2016, Hershey's board rejected the snacking company's $23 billion offer.
Mondelez Said to Explore Takeover of Hershey
Mondelez International is exploring an acquisition of iconic US chocolate maker Hershey Co., in a potential deal that would create a food giant with combined sales of almost $50 billion, according to people familiar with the matter. Crystal Tse has more on "Bloomberg Open Interest.
Hershey Stock Soars on Report Mondelez Exploring a Takeover
A report says Mondelez is exploring a takeover of the U.S. chocolate maker.
