Mondelez Eyes Hershey Acquisition, Boosting Stock Prices

Mondelez is reportedly considering an offer to acquire Hershey, potentially creating one of the largest candy companies globally. This news, reported by Bloomberg, led to a nearly 15% increase in Hershey's stock. While Mondelez and Hershey have not confirmed the discussions, a merger would combine popular brands like Oreo, Cadbury, KitKats, and Reese's. This potential deal comes amid a trend of major acquisitions in the food industry, driven by changing consumer habits and economic pressures.