Hershey (HSY) Surges Amid Acquisition Speculation by Mondelez (MDLZ)

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Dec 09, 2024
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Hershey (HSY, Financial) saw its shares soar over 14% to $200.09 following reports of a potential acquisition by Mondelez International (MDLZ). The combined entity would have nearly $50 billion in sales. Mondelez has reportedly initiated preliminary discussions regarding the deal. Both companies have yet to comment on the matter. Meanwhile, Mondelez shares fell over 2%, trading at $61.28.

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