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.
US Equity Indexes Decline in Midday Trading
Top Midday Stories: China Probing Nvidia Over Potential Anti-Monopoly Law Breaches; Gallagher to Acquire AssuredPartners for $13.45 Billion
Monday Market Falls, Chinese Stocks Climb, Indices Rebalance | Live Stock
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%
Mondelez Said to Explore Hershey Takeover, Bloomberg Reports
Express News | Mondelez Exploring Takeover of US Chocolate Maker Hershey - Bloomberg News
Mondelēz Global LLC Partners With ISN to Expand Contractor Management to Give & Go Business Unit
Mondelez International (NASDAQ:MDLZ) Is Experiencing Growth In Returns On Capital
Today's Analyst Rating | Chevron Price Target Raised to $188 by Wells Fargo, Honeywell Price Target Raised to $268 by Citi
TD Cowen Maintains Mondelez International(MDLZ.US) With Buy Rating, Cuts Target Price to $75
Strategic Resilience and Growth Prospects Drive Buy Rating for Mondelez International
Stocks With Best Odds of Risk-adjusted Returns Deserve Attention: Goldman Sachs
Weekly Buzz: Now THOSE are records!!
Wells Fargo's 'Value Equity' List: VZ, GM, TGT and More
Index Records are BACK for Friday Market While Unemployment Climbs | Live Stock