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What's Going On With Hershey Stock Monday?
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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