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Hershey's main owner rejects Mondelez's offer as too low, Bloomberg News reports

Hershey rejects Mondelez's takeover bid as too low, emphasizing the Hershey Trust's voting control. Mondelez shifts focus to smaller acquisitions and share buybacks.

investing.com • 11/12/2024 - 16:48 PM

HSY MDLZ

Hershey Trust Co. declines Mondelez takeover bid - Bloomberg

The Hershey Trust has rejected Mondelez's takeover bid, citing insufficient offer, impacting both companies' stock movements.

investing.com • 11/12/2024 - 15:46 PM

HSY MDLZ

Hershey shares dip on Mondelez $9B buyback plan

Hershey shares fell pre-market after Mondelēz announced a $9 billion share repurchase program set to start in January 2025, impacting investor sentiment.

investing.com • 11/12/2024 - 13:21 PM

HSY MDLZ

Hershey takeover would enhance Mondelez's presence in US chocolate market - Stifel

Mondelez International is exploring acquiring Hershey Co to strengthen its U.S. chocolate market presence and expand Hershey's brands internationally, despite potential initial losses.

investing.com • 10/12/2024 - 00:07 AM

HSY MDLZ

Hershey gains on report Mondelez explores a possible takeover

Hershey shares rose 14% as Mondelez explores an acquisition, potentially forming a $50 billion food giant amid market challenges and Hershey's previous rejection of a takeover attempt.

investing.com • 09/12/2024 - 15:31 PM

HSY MDLZ

Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports

Mondelez is considering acquiring Hershey to create one of the largest confectionery companies, while both are currently navigating rising costs and fluctuating consumer demand.

investing.com • 09/12/2024 - 15:23 PM

HSY KHC

Hershey trims annual forecast as higher prices dent demand

Hershey cuts annual revenue and profit forecasts amid rising cocoa costs and changing consumer preferences, leading to a decline in chocolate sales and stock market reaction.

investing.com • 07/11/2024 - 13:22 PM

HSY

Grizzly Research releases Hershey short report amid cancer-link concerns

Grizzly Research reported harmful PFAS chemicals found in Hershey's product packaging, raising health concerns and potential legal risks for the company.

investing.com • 23/10/2024 - 14:14 PM

CPB HSY

GLP-1 drug demand rising, but not all packaged food companies in the crosshairs

Analysts at Bernstein note increasing demand for GLP-1 drugs could favor certain companies like Campbell Soup, while negatively impacting others like Hershey Co.

investing.com • 07/10/2024 - 21:34 PM

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Stock market today: S&P 500 closes lower as spike in Treasury yields weigh

The S&P 500 fell amid rising Treasury yields and mixed corporate earnings outlooks, while major companies like Google and Pfizer faced market changes due to legal and investment activities.

investing.com • 07/10/2024 - 00:05 AM

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