Hershey’s Stock Soars On Report Mondelez Offered To Buy Company

Mondelez International, the maker of Oreo and Cadbury, is reportedly exploring an offer to acquire Hershey Co., potentially creating one of the world’s largest candy companies. Jordan Valinsky reported the news for CNN.

The preliminary discussions sent Hershey's shares nearly 15% higher at one point early in the week. I Photo: Hershey’s Chocolate World (Hershey PA) Facebook

According to Bloomberg, the preliminary discussions sent Hershey's shares nearly 15% higher in midday trading early in the week.

Mondelez, the larger of the two companies, recently approached Hershey, though there is “no certainty that discussions will lead to a deal.” Both Mondelez and Hershey declined to comment, referring to the news as “market rumors and speculation.”

A merger would combine two iconic confectionery brands with extensive portfolios.

Mondelez owns Oreo, Cadbury, Ritz Crackers, Wheat Thins, Chips Ahoy, and Sour Patch Kids, while Hershey’s lineup includes Reese’s, KitKats, Jolly Rancher, and SkinnyPop Popcorn.

The deal would come amid shifting consumer preferences, with health-conscious customers reducing purchases of sugary snacks as inflation remains high. The potential merger follows Mars’ recent acquisition of Kellanova for nearly $30 billion, reflecting significant consolidation in the snack and confectionery industry.