All articles tagged with #mondelez
Originally Published 6 months ago — by fda.gov
Mondelēz Global LLC has voluntarily recalled certain sizes of RITZ Peanut Butter Cracker Sandwiches due to a labeling error that could cause allergic reactions in peanut-sensitive individuals, with no reported injuries so far.
Originally Published 7 months ago — by Newser
Mondelez International is suing Aldi for allegedly copying its snack packaging, including Oreos and other brands, claiming the packaging is confusing consumers and dilutes their trademarks. Mondelez seeks damages and an injunction to stop Aldi from selling these copycat products.
Originally Published 7 months ago — by CNN
Mondelez has sued Aldi, alleging that Aldi's store-brand snack packaging copies Mondelez's branding, potentially confusing consumers and harming Mondelez's brands. The lawsuit seeks damages and an injunction to stop Aldi from selling the infringing products, highlighting ongoing issues with store-brand packaging similarities.
Originally Published 7 months ago — by The New York Times
Mondelez International has filed a federal lawsuit against Aldi, alleging that Aldi's snack packaging mimics Mondelez's branding to confuse customers, raising concerns over brand imitation and consumer deception.
Originally Published 7 months ago — by CBS News
Mondelez, the maker of Oreo and other snacks, has filed a lawsuit against Aldi accusing the supermarket chain of copying its packaging design to mislead customers into buying Aldi's store-brand products, seeking damages and an injunction.
Originally Published 7 months ago — by Yahoo Finance
Mondelez International has filed a lawsuit against Aldi, alleging that Aldi's store-brand packaging copies its products like Oreos and Wheat Thins, potentially confusing customers and infringing on trademarks. Mondelez seeks damages and an injunction to stop Aldi from selling infringing products.
Originally Published 7 months ago — by Yahoo Finance
Mondelez International has filed a lawsuit against Aldi, accusing the grocery chain of copying its product packaging to confuse customers and harm its brands, seeking damages and an injunction to stop the infringing products.
Originally Published 1 year ago — by Bloomberg
Hershey Trust Co., the main owner of Hershey Co. with significant voting power, has rejected a takeover offer from Mondelez International Inc., deeming it too low. This decision could halt the potential merger that would have created a food giant with nearly $50 billion in combined sales.
Originally Published 1 year ago — by Seeking Alpha
Hershey's stock fell by 3.6% following Mondelez's announcement of a $9 billion share repurchase plan, which led to a 3.4% rise in Mondelez's shares.
Originally Published 1 year ago — by Yahoo Finance
Mondelez International is considering another attempt to acquire Hershey, driven by high cocoa prices and changing consumer habits, which may make Hershey more amenable to a deal than in 2016. A merger would create a $50 billion food group, intensifying competition with Mars Inc. The Hershey Trust, controlling 80% of Hershey's voting shares, will play a crucial role in the decision. Mondelez's strategy aligns with recent industry trends, such as Mars' acquisition of Kellanova, highlighting the need for scale and diversification in the food market.
Originally Published 1 year ago — by Yahoo Finance
Mondelez has announced its focus on "bolt-on" acquisitions, following reports of potential buyout talks with Hershey. Despite speculation, Mondelez emphasizes smaller deals, similar to its recent acquisitions of Chipita, Clif, and Ricolino, each under $3 billion. Hershey, with a market cap of about $38 billion, saw its shares drop 5% in premarket trading after an initial surge. Mondelez also revealed a new $9 billion share buyback program starting in 2025, replacing the current $6 billion plan.
Originally Published 1 year ago — by BBC.com
Shares of Hershey surged over 10% following reports that Mondelez International, owner of Cadbury, has made a preliminary approach for a potential buyout. This deal could create a snack food giant with nearly $50 billion in annual sales. While both companies have not commented, any merger would require approval from the Hershey Trust Company. The packaged food industry, facing slow growth and rising costs, is seeing increased consolidation efforts, as evidenced by Mars' recent acquisition of Kellanova.
Originally Published 1 year ago — by Investopedia
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.
Originally Published 1 year ago — by Yahoo Finance
Hershey's stock surged by 12% following reports that Mondelez International is attempting to acquire the company, eight years after a previous failed attempt. Investors are optimistic that Mondelez would offer a premium price for Hershey, despite no official announcements from either company. The potential acquisition comes as Hershey faces slow business growth and changing consumer behaviors, but analysts suggest that investment decisions should be based on Hershey's business fundamentals rather than acquisition rumors.
Originally Published 1 year ago — by CNBC
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.