InsideArbitrage Potential Deal Alert: Mondelez (MDLZ) Explores Takeover Of Hershey (HSY)

POTENTIAL DEAL DETAILS

According to Bloomberg, Mondelez International (MDLZ) is exploring an acquisition of iconic US chocolate maker Hershey Co. (HSY).

Mondelez previously pursued a deal with Hershey Co., withdrawing in 2016 after the chocolate maker rejected its $23 billion takeover bid.

Hershey Investor Relations

Mondelez International Investor Relations

Update(s):

December 11, 2024: Bloomberg reported that the main owner of US chocolate maker Hershey (HSY) has rejected a preliminary takeover offer from Mondelez. Hershey Trust, which has roughly 80% of the voting power at the company, turned down the bid as too low. Securing the trust’s backing is vital for any deal for Hershey as it owns almost all of the company’s Class B stock.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.