Mondelez explores acquisition of Hershey, in potential $35 billion deal
Bloomberg News reported that Mondelez has made an initial approach for Hershey, valued at approximately $35 billion. Following the news, shares of Hershey rose by as much as 19% to $208.03, while Mondelez's shares fell about 4% in morning trading.
Hershey shares fell as traders digested updates suggesting that it was unlikely to merge with Mondelēz International.
Reports from a variety of sources confirm that Mondelez—the owner and maker of Oreo and Cadbury—approached the Hershey Company about an acquisition.
Hershey Co.’s stock was posting its sharpest daily loss in more than two years on Wednesday after Oreo maker Mondelēz International Inc. said it wasn’t planning any larger acquisition after ...
The Chicago-based snack maker is reportedly exploring an acquisition of the iconic chocolate company. It's not the first time ...
Cadbury's parent company, Mondelez International, is considering an acquisition of the chocolate maker Hershey. Bloomberg ...
Snack-food giant Mondelez International Inc.’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top ...
After Mondelez reportedly approached the Hershey Company about an acquisition, we're taking a closer look at the potential ...
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