Reported about 20 hours ago
Mondelez International Inc. is exploring the possibility of acquiring Hershey Co. again, prompted by high cocoa prices and changing consumer behavior in a challenging food market. A potential merger would create a powerhouse with nearly $50 billion in sales, intensifying competition against Mars Inc. While both companies face pressures from rising cocoa costs and shifting consumer preferences towards healthier snacks, the strategic rationale for consolidation in the food industry is stronger than ever.
Source: YAHOO