Reports of a Takeover Send Hershey Stock Soaring [Yahoo! Finance]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
The news fueled a 12% rise in Hershey shares in recent trading. Mondelez shares lost ground after the story about it pursuing Hershey was published. Hershey ( HSY ) shares climbed Monday on news that snack-food giant Mondelez International ( MDLZ ), is looking at acquiring the U.S.-based chocolate company. Mondelez is exploring a takeover , but the process is in preliminary stages and a deal may not materialize, Bloomberg reported. The story provided no financial details about a potential offer for Hershey. Hershey's market value is above $35 billion, according to Visible Alpha data. Hershey in 2016 rejected another offer from Mondelez, which produces sweets including Cadbury chocolates and Oreo cookies as well as savory snacks like Wheat Thins and Ritz crackers. Mondelez spokeswoman Tracey Noe said the company doesn't comment on "market rumors and speculation." Hershey did not immediately respond to a request for comment. Hershey shares were trading about 13% higher, whi
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MDLZ
News
- Mondelez to invest again in Poland chocolate production [Yahoo! Finance]Yahoo! Finance
- Mondelez International (NASDAQ:MDLZ) shareholders have endured a 12% loss from investing in the stock a year ago [Yahoo! Finance]Yahoo! Finance
- Mondelez International Moves to Amazon Web Services to Advance Its Digital and Growth StrategyGlobeNewswire
- Cocoa prices cloud confectionery outlook as commodity touches new highs [Yahoo! Finance]Yahoo! Finance
- RITZ Bits Cracker Sandwiches Heat Up The Snack Aisle With Bold New Spicy Queso FlavorPR Newswire
MDLZ
Earnings
- 10/29/24 - Beat
MDLZ
Sec Filings
- 12/3/24 - Form 8-K
- 10/29/24 - Form 10-Q
- 10/29/24 - Form 8-K
- MDLZ's page on the SEC website