Witness the iconic Hershey’s logo in the heart of Manhattan on September 16, 2023.
A potential acquisition bid has been made by Mondelez, a major player in the cookie and snack industry, for Hershey. This move could lead to the formation of a powerhouse in the global food and beverage sector.
Following this news, Hershey’s stock surged by over 10%. Mondelez had previously attempted to acquire Hershey back in 2016 but was met with resistance.
Hershey has enlisted advisors to navigate this new development after Mondelez expressed interest post their underwhelming third-quarter earnings report last month.
While both companies have refrained from commenting on these speculations, Bloomberg was first to report on Mondelez’s latest approach towards Hershey. Stay tuned for further updates!
2024-12-09 16:06:59
Read more at www.cnbc.com