Reported 2 days ago
Mondelez International, the parent company of Cadbury, is reportedly exploring the acquisition of Hershey, which could create one of the largest confectionery companies globally. While discussions are in early stages, Hershey's shares increased significantly following the news. This marks another attempt by Mondelez to pursue Hershey after a failed bid in 2016. The potential deal could enhance Mondelez’s position in the U.S. chocolate market, as both companies navigate rising input costs and changing consumer demand.
Source: YAHOO