Mondelez Renews Interest in Hershey Acquisition, Stock Surges

Hershey's stock surged by 15% following reports of another takeover attempt by Mondelez, despite Hershey's history of rejecting such offers. Hershey's market cap has risen to $40.49 billion, while Mondelez's stock has declined by 15% this year. Hershey's dual-class structure and Pennsylvania law provide significant control to the Hershey Trust, complicating potential acquisitions. Consumer goods companies are pursuing mergers to boost sales amid rising costs and stagnant demand.