Market
What will be the regulatory response to the Mondelez-Hershey merger attempt by mid-2025?
2
Resolution / Starting Odds
Merger approved without conditions • 25%
Merger approved with conditions • 25%
Merger rejected • 25%
No decision by deadline • 25%
Official announcements from regulatory bodies like the FTC or DOJ, or reputable financial news outlets
Story
Mondelez Explores Hershey Takeover; Hershey Shares Surge 19%, Trading Halted
Dec 9, 2024, 03:19 PM
Mondelez International Inc. is reportedly exploring a takeover of U.S. chocolate maker The Hershey Company. According to reports, Mondelez has made a preliminary approach to Hershey, and any potential deal would require the backing of the Hershey Trust. Shares of Hershey surged up to 19% on the news, leading to a halt in trading due to volatility. This marks the largest intraday gain for Hershey in over eight years. If successful, the acquisition would combine iconic brands such as Cadbury, KitKat, Oreo, Ritz, and Reese's under one company, creating a food giant with combined sales of almost $50 billion. Mondelez previously attempted to purchase Hershey in 2016 for $23 billion; Hershey's market capitalization now sits at approximately $40 billion.
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Similar markets
Failed acquisition • 25%
No attempt made • 25%
Ongoing negotiations • 25%
Successful acquisition • 25%
Regulatory challenges • 25%
Strategic realignment • 25%
Financial constraints • 25%
Trust's decision • 25%
Rejected • 25%
Approved as requested • 25%
Approved with conditions • 25%
No decision by deadline • 25%
Approved with restrictions • 33%
Approved in full • 33%
Rejected • 34%
Increase by over 10% • 25%
No significant change • 25%
Fluctuates but returns to baseline • 25%
Decrease by over 10% • 25%
Hershey outperforms Mondelez • 25%
Other • 25%
Both perform equally • 25%
Mondelez outperforms Hershey • 25%
Yes • 50%
No • 50%
New antitrust legislation • 25%
Other regulatory changes • 25%
No significant changes • 25%
Revised merger guidelines • 25%