New York CNN —
Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies.
The preliminary discussions between the companies, reported by Bloomberg, sent shares of Hershey (HSY) nearly 15% higher in midday trading Monday. Mondelez, the larger of the two companies, recently approached Hershey, although Bloomberg noted there is “no certainty that discussions will lead to a deal.”
Mondelez said it doesn’t comment on “market rumors and speculation.” Hershey also issued a similar statement.
A
→ Continue reading at CNN - Business News
