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Benzinga

Business
Hershey Stocks Soar As Rumors Swirl About Possible Mondelez Buy Out Hershey Stocks Soar As Rumors Swirl About Possible Mondelez Buy Out
Hershey Stocks Soar As Rumors Swirl About Possible Mondelez Buy Out Mondelez International, the company behind brands like Oreo and Cadbury, is reportedly considering acquiring The Hershey Company, a move that could create one of the world's largest confectionery firms, according to multiple outlets and first reported by Bloomberg. Preliminary discussions have taken place, but there's no certainty that a deal will be finalized. This news led to a significant surge in Hershey's stock price, which rose approximately 13% to $199.52 on Monday, Benzinga reported. In contrast, Mondelez's shares experienced a decline of about 4%, Reuters explained. It's importa…

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by Jillian Pikora