Mondelez Reportedly Exploring Hershey Acquisition

Preliminary talks suggest a potential $50 billion merger, though no agreement has been reached and hurdles remain.

Mondelez International, owner of brands like Oreo and Cadbury, has reportedly made a preliminary approach to acquire Hershey, according to Bloomberg sources.
Hershey's stock surged by up to 19% following the report, while Mondelez shares fell by around 2-4%.
A successful merger would create one of the largest candy companies globally, with combined revenues nearing $50 billion.
Any deal would require approval from the Hershey Trust, which controls 80% of the voting power and has historically resisted selling the company.
The reported talks are in early stages, with no guarantee of a finalized agreement, and regulatory hurdles could pose additional challenges.