{"id":135404,"date":"2024-12-10T10:06:55","date_gmt":"2024-12-10T03:06:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=135404"},"modified":"2024-12-10T10:06:55","modified_gmt":"2024-12-10T03:06:55","slug":"hershey-shares-jump-on-cadbury-owner-buyout-report","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=135404","title":{"rendered":"Hershey shares jump on Cadbury owner buyout report"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><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<p class=\"sc-eb7bd5f6-0 fYAfXe\">The packaged food industry has faced slowing growth as consumers feel the pinch from years of rising prices.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Chocolate companies in particular have had to transfer costs from higher cocoa prices to their customers.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Companies have had to look for deals to secure new markets and boost growth.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In August, <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/cj62715djg9o\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">confectionery giant Mars struck a deal to snap up Pringles and Pop-Tart-maker Kellanova<!-- --><\/a> for almost $36bn.<!-- --><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<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. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=135404\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135404","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135404"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135404\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}