Market
Will the Hershey Trust approve Mondelez's takeover bid by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from the Hershey Trust 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.
View original story
Similar markets
Failed acquisition • 25%
Successful acquisition • 25%
Ongoing negotiations • 25%
No attempt made • 25%
Mondelez outperforms Hershey • 25%
Both perform equally • 25%
Hershey outperforms Mondelez • 25%
Other • 25%
Rejected • 25%
Approved with conditions • 25%
Approved as requested • 25%
No decision by deadline • 25%
Fluctuates but returns to baseline • 25%
No significant change • 25%
Decrease by over 10% • 25%
Increase by over 10% • 25%
Strategic realignment • 25%
Financial constraints • 25%
Regulatory challenges • 25%
Trust's decision • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Approved with restrictions • 33%
Approved in full • 33%
Rejected • 34%