Hershey shares jump on Cadbury owner buyout report
Source: BBC
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 (£39.2bn) a year.Both Mondelez and Hershey declined to comment on the report when contacted by BBC News.In 2016, Hershey rejected a $23bn takeover offer…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC