'A Sweet Deal'? Mondelez Reportedly Mulls Hershey Takeover To Expand Junk Food Empire [zero hedge]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: zero hedge
'A Sweet Deal'? Mondelez Reportedly Mulls Hershey Takeover To Expand Junk Food Empire Hershey Co. shares surged the most in years after a Bloomberg report revealed that Mondelez International has mulled over a potential takeover of the chocolate maker for the second time in nearly a decade . According to the people familiar with the situation who asked not to be identified, the Chicago-based Ritz crackers and Oreo cookies maker made a " preliminary approach about a possible combination " of Pennsylvania-based Hershey. They said deliberations are in the early stages . Bloomberg data shows Hershey's market value , including debt, was approximately $46 billion. Mondelez's buyout proposal was not detailed in the report. Even if Mondelez offered Hershey a sweet deal, it would require the support of Hershey Trust , which holds 80% of the Class B voting stock. Bloomberg noted, "The trust has slowly been selling some of its Hershey Co. shares in an effort to diversify its holdings." In 2016,
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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