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Hershey, mondelez international
What Is the Hershey Trust and Why Can It Block Takeover Deals?
Hershey Trust Co. is a rarity in corporate America. It owns almost all of Hershey Co.’s Class B stock, giving it roughly 80% of the voting power of the company. That clout was apparent this week when it rebuffed a takeover attempt by Mondelez International Inc.
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 Stock Jumps on Mondelez Deal Report
Shares of Hershey jumped following a report that Mondelez International is exploring an acquisition of the chocolate maker. Hershey stock was up 12% to $197.18 in afternoon trading. Shares are now in positive territory year-to-date.
Food
9h
Hershey rejects Mondelēz’s acquisition bid
Mondelēz International’s second attempt to acquire confectionery giant Hershey has been rejected by The Hershey Trust, citing ...
1d
on MSN
Should Mondelez Take Over Hershey? Not All of Wall Street Is Sweet on the Idea.
Mondelez and Hershey—could significantly reshape the industry. Wall Street is scrambling to assess the probability of the ...
3h
Hershey sale ‘unlikely’ as Mondelez approach rebuffed
Analysts have poured cold water on the chances of Mondelez securing a blockbuster takeover of rival chocolate maker Hershey ...
ProgressiveGrocer
2d
Is a Mega-Merger Between Mondelēz and Hershey in the Works?
Is another merger between CPG titans in the works? Mondelēz International, Inc. is reportedly seeking a sweet deal to team up ...
1d
Hershey's stock falls sharply as Mondelez deflates merger speculation with talk of smaller acquisitions
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 ...
2d
Oreo Manufacturer Monduliz Considers Acquisition of Hershey...Hershey's Stock Surges
Major U.S. confectionery giant Monduliz, known for its Oreo and Ritz crackers, is considering buying well-known chocolate ...
2d
What's Going On With Hershey Stock Monday?
Hershey stock is moving higher on Monday following a report suggesting that Mondelez is exploring a potential acquisition of ...
1d
Mondelez’s takeover of Hershey would rank as top deal of 2024
Snack-food giant Mondelez International Inc.’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top ...
4d
on MSN
Key deals this week: Shell-Equinor U.K. combination, Hershey, TotalEnergies, GE HealthCare and more
Conagra (NYSE:CAG) is looking to sell its Chef Boyardee pasta business. Arcadia Biosciences (NASDAQ:RKDA) is set to merge ...
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