From CNBC: 2024-12-09 12:47:48

Shares of Hershey surged 15% after Bloomberg reported Mondelez’s takeover attempt. Hershey’s market cap is now $40.49 billion, with shares up 7% this year. Mondelez, down 2% in trading, has a market cap of $82.22 billion, falling 15% this year. Hershey’s board previously rejected Mondelez’s $23 billion bid in 2016. Pennsylvania law protects Hershey’s independence.



Read more at CNBC: Hershey stock soars on report of another Mondelez takeover attempt