{"id":191925,"date":"2024-12-10T03:15:45","date_gmt":"2024-12-10T03:15:45","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/10\/hershey-shares-jump-on-cadbury-owner-buyout-report\/"},"modified":"2024-12-10T03:15:45","modified_gmt":"2024-12-10T03:15:45","slug":"hershey-shares-jump-on-cadbury-owner-buyout-report","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/10\/hershey-shares-jump-on-cadbury-owner-buyout-report\/","title":{"rendered":"Hershey shares jump on Cadbury owner buyout report"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i2.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/4cd9\/live\/08623f50-b69a-11ef-b2b4-d1ff134ae67f.jpg?resize=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Hershey shares jump on Cadbury owner buyout report\" title=\"Hershey shares jump on Cadbury owner buyout report\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Shares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">A deal could create a snack food giant with combined sales of almost $50bn (\u00a339.2bn) a year.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Both Mondelez and Hershey declined to comment on the report when contacted by BBC News.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In 2016, <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/business-36679490\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">Hershey rejected a $23bn takeover offer from Mondelez<!-- --><\/a>.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The approach is still in the preliminary stages and it is not certain that talks will lead to a deal, according to Bloomberg.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Any deal would need the approval of the Hershey Trust Company, a charitable trust, that maintains voting control over the business.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">A merger of the two companies could bring some of the world&#8217;s best-known confectionary and snack foods under one roof.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Hershey is known for brands including Hershey&#8217;s Kisses and Reese&#8217;s Peanut Butter Cups. <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">As well as owning Cadbury, which it bought in 2010, Mondelez brands include Ritz crackers, Oreo biscuits and Toblerone chocolate.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c62w62vydnvo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal could create a snack food giant with combined sales of almost $50bn (\u00a339.2bn) a year. Both Mondelez and Hershey declined to comment on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":191926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/4cd9\/live\/08623f50-b69a-11ef-b2b4-d1ff134ae67f.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[37546,150415,150414,1550,5900,61,1253],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/191925"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=191925"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/191925\/revisions"}],"predecessor-version":[{"id":191927,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/191925\/revisions\/191927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/191926"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=191925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=191925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=191925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}