Dreams of a merger among food giants shattered? It is reported that Hershey's (HSY.US) main shareholders rejected the initial Quote from Mondelez International (MDLZ.US).
Informed sources revealed that the main owner of the USA chocolate manufacturer Hershey (HSY.US) rejected the preliminary acquisition offer proposed by Mondelez International (MDLZ.US).
Mondelez International To Go Ex-Dividend On December 31st, 2024 With 0.47 USD Dividend Per Share
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
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TD Cowen Maintains Mondelez International(MDLZ.US) With Buy Rating, Maintains Target Price $75
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Citi Maintains Mondelez International(MDLZ.US) With Buy Rating, Maintains Target Price $78
Will Mondelez Finally Buyout Hershey?
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Mondelez International: Strong Buy Rating Backed by Strategic Initiatives and Significant Upside Potential
Main Hershey's Owner Said to Decline Mondelez's Offer, Bloomberg Reports
Snacks Giant Mondelez Unwraps $9 Billion Stock Buyback Plan; Stock Gains
Hershey Stock Falls. Mondelez Hints Deal for Chocolate Maker Doesn't Fit Its Strategy.
Mondelez Pushes Buybacks, Bolt-on Deal, Squelching Hershey Talk
Is it just a matter of time before swallowing "Hershey chocolate"? Mondelez International (MDLZ.US) is planning a major expansion of its snack portfolio.
In 2016, the early acquisition initiated by Mondelez International was blocked by Hershey REITs; now, Hershey faces higher costs and a major trend of Industry consolidation.
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Express News | Corrected-Buzz-Mondelez International Rises on New $9 Bln Share Buyback Program, "Bolt-on" Acquisition Strategy
Express News | Hershey Shares Down 5.2% Premarket