Mondelez International, the parent company of Oreo and Cadbury, is making a preliminary approach to acquire US chocolate maker Hershey Co. This potential deal would create a food giant with combined sales exceeding $47 billion. The Chicago-based company had previously explored a similar acquisition in 2016 but ultimately walked away. Now, Mondelez is again considering a partnership with Hershey, which owns beloved brands like Reese’s Peanut Butter Cups and Kisses.
Source: https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey