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Mondelez Reportedly Eyes Hershey Takeover - Again 

Mondelez Reportedly Eyes Hershey Takeover – Again 

Mondelez International, the company behind Cadbury chocolates, is reportedly considering a takeover of iconic chocolate maker Hershey. According to Bloomberg News, the potential deal would create a food powerhouse with nearly $50 billion in sales. 

According to people familiar with the matter who asked not to be identified, the Chicago-based Ritz crackers and Oreo cookies maker made a “preliminary approach about a possible combination” of Pennsylvania-based Hershey. They said deliberations are in the early stages.  

Hershey rejected a $23 billion takeover bid from Mondelez in 2016 at least partly after the Hershey Trust, the charitable trust that holds 80% of the voting shares of Hershey, was against a transaction. 

Bloomberg added that Mondelez has shown interest in expanding its chocolate and snack businesses, with analysts citing its financial capacity for mergers. A potential deal would surpass Mars Inc.’s recent $36 billion acquisition of Kellanova, making it one of the year’s largest. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.