Hershey's stock explodes higher on report Mondelez offered to buy it [CNN]
The Hershey Company (HSY)
Last the hershey company earnings: 4/23 07:00 am
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US:NYSE Investor Relations:
thehersheycompany.com/en_us/investors.html
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Source: CNN
The preliminary discussions between the companies, reported by Bloomberg , sent shares of Hershey ( HSY ) nearly 15% higher in early trading Monday. Mondelez, the larger of the two companies, recently approached Hershey, although Bloomberg noted there is “no certainty that discussions will lead to a deal.” Mondelez said it doesn't comment on “market rumors and speculation.” Hershey also issued a similar statement. A potential combination would unite two of the most well-known confectionary companies that also make grocery store staples. In addition to owning Oreo and Cadbury, Mondelez owns Chips Ahoy, Ritz Crackers, Wheat Thins and Sour Patch Kids. Hershey has KitKats, Reese's, Jolly Rancher and SkinnyPop Popcorn, in addition to its namesake chocolate. Health-conscious customers have cut back on snacking, purchasing fewer unhealthy foods and keeping a closer eye on their spending as inflation remains high. That has led to major dealmaking, including Mars recently buying Kellano
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HSY
News
- Here's Why Hershey (HSY) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Cocoa Soars to Fresh Record in Blow to World's Chocolate Supply [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cocoa Soars to Fresh Record in Blow to World's Chocolate Supply [Yahoo! Finance]Yahoo! Finance
- Why Was Hershey Stock on a Roller Coaster Ride Last Week? [Yahoo! Finance]Yahoo! Finance
- No, Robert F. Kennedy Jr. hasn't announced a Hershey's chocolate ban | Fact check [USA TODAY]USA TODAY
HSY
Earnings
- 11/7/24 - Miss
HSY
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/11/24 - Form 4
- HSY's page on the SEC website