Mondelez Eyes Hershey Takeover Amid Stock Surge and Strategic Justifications
TL;DR Summary
The S&P 500 fell 0.6% as major U.S. indexes declined ahead of key economic data releases, including the Consumer Price Index report. Hershey shares surged 10.9% on news of a potential acquisition by Mondelez, while Omnicom shares dropped 10.3% after announcing an all-stock deal to acquire Interpublic Group. Comcast and Charter Communications also saw significant declines due to subscriber losses, while nuclear power stocks fell amid regulatory challenges. Enphase Energy and Albemarle experienced gains due to strategic partnerships and market recovery, respectively.
- S&P 500 Gains and Losses Today: Hershey Stock Simmers as Mondelez Weighs Takeover Investopedia
- Mondelez Exploring Takeover of US Chocolate Maker Hershey Bloomberg
- Hershey shares jump on Cadbury owner buyout report BBC.com
- Hershey’s stock explodes higher on report Mondelez offered to buy it CNN
- Mondelez is reportedly exploring buying Hershey. Ozempic and other factors could help justify a sale, analyst says. MarketWatch
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