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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 ...
Shares of Hershey, which has a market capitalization of about $35 billion, rose as much as 19% to $208.03, while those of Mondelez were down about 4% in morning trading. ... -Cadbury-parent ...
In 2016, Hershey rebuffed a $23 billion bid from Mondelez. All offers have to be approved by the Hershey Trust, the shareholder that owns the vast majority of the candy giant’s votes and has ...
Cocoa is a commodity and always has been, so Hershey is used to dealing with price volatility for this input. However, the cost increase has been outsized, and the company may take a few years to ...
Hershey’s product prices rose 6.5% in the fourth quarter; prices for their confectionery chocolate and other candy products in North America rose 9% in 2023. ... noting price increases are also ...
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past ...
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From Hershey to Clorox and Kleenex maker Kimberly-Clark, major consumer-products companies have announced plans to boost U.S. prices further or more broadly than previously proposed this year ...