Reported about 15 hours ago
Mondelez has announced a shift in focus towards 'bolt-on' acquisitions following reports of potential buyout discussions with Hershey. The company stated that it would pursue strategies similar to its previous acquisitions of Chipita, Clif, and Ricolino, which were all valued under $3 billion. Hershey, with a market cap of approximately $38 billion, is a much larger target. Additionally, Mondelez unveiled a new share buyback program worth up to $9 billion, starting January 1, 2025.
Source: YAHOO