Jefferies Maintains Mondelez International(MDLZ.US) With Buy Rating, Cuts Target Price to $75
What's Going On With Hershey Stock Monday?
Sector Update: Consumer Stocks Mixed Monday Afternoon
Sector Update: Consumer
Global food giants are once again stirring up a wave of mergers and acquisitions, with reports indicating that mondelez international intends to acquire hershey.
Mondelez International, the manufacturer of Oreo cookies, is considering acquiring the usa chocolate giant Hershey. Hershey's total valuation is approximately 46 billion USD, and if this acquisition is successful, it will become the largest merger deal of the year, creating a food giant with annual sales close to 50 billion USD. Although Mondelez has issued a preliminary acquisition intention to Hershey, negotiations are still in the early stages, and the outcome is uncertain. This news caused Hershey's stock price to surge nearly 20%, while Mondelez's stock price fell.
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Hershey Shares Climb 14% on Mondelez's Reported Acquisition Interest
U.S. stock market movement | It is reported that Mondelez International (MDLZ.US) is considering acquiring hershey (HSY.US), which surged over 14%.
On Monday, hershey (HSY.US) surged over 14% during intraday trading, reaching $200.09.
Market Chatter: Mondelez Said to Explore Takeover of Hershey
Express News | Mondelez Down 3%
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Express News | Mondelez Exploring Takeover of US Chocolate Maker Hershey - Bloomberg News
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TD Cowen Maintains Mondelez International(MDLZ.US) With Buy Rating, Cuts Target Price to $75
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