I see 'no downside' for Hershey as they await turnaround, says MAI Capital's Chris Grisanti
Chris Grisanti, MAI Capital Management chief equity strategist, joins CNBC's 'Power Lunch' to discuss why there is potential upside for Hershey ahead, how an incoming Trump administration may impact the stock, and more.
Hershey's Main Owner Said to Reject Mondelez Offer
The main owner of US chocolate maker Hershey Co. has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said. Liana Baker has more on Bloomberg Television.
Traders sour on Hershey as Mondelēz appears cool to potential merger
Hershey (HSY) shares fell Wednesday as traders absorbed news that the candy giant might be less likely to merge with Mondelēz than first thought.
Hershey's main owner rejects Mondelez's offer as too low, Bloomberg News reports
Hershey's main controlling owner has rejected Mondelez International's preliminary takeover offer, terming it as too low, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Hershey Stock Falls. Mondelez Hints Deal for Chocolate Maker Doesn't Fit Its Strategy.
A report earlier this week said Mondelez had made a preliminary merger approach to the U.S. chocolate maker.
Mondelez says to focus on bolt-on deals amid report of deal talks with Hershey
Cadbury-owner Mondelez said on Wednesday it would focus on "bolt-on" deals as it announced an up to $9 billion share buyback program.
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.
