Loading...
Market
Story
Mondelez Launches $9B Share Buyback, Focuses on Bolt-On Acquisitions
Dec 11, 2024, 01:34 PM
Mondelez International Inc. has announced a new $9 billion share repurchase authorization, effective from January 1, 2025, replacing its current $6 billion program, which has approximately $2.8 billion remaining. The new program will run through December 2027. Additionally, Mondelez declared a quarterly dividend of $0.47 per share, payable on January 14, 2025. The company also clarified its acquisition strategy, stating a focus on bolt-on assets rather than pursuing a bid for Hershey Co., which has a market cap of nearly $40 billion. Mondelez's stock rose 4% in premarket trading, while Hershey's shares fell 5%.
View original story
Similar markets
Increase by over 10% • 25%
Decrease by over 10% • 25%
No significant change • 25%
Fluctuates but returns to baseline • 25%
Regulatory challenges • 25%
Trust's decision • 25%
Financial constraints • 25%
Strategic realignment • 25%
Successful acquisition • 25%
Failed acquisition • 25%
Ongoing negotiations • 25%
No attempt made • 25%
Acquisition completed • 25%
Acquisition rejected • 25%
Negotiations ongoing • 25%
Mondelez withdraws bid • 25%
Merger approved without conditions • 25%
Merger approved with conditions • 25%
Merger rejected • 25%
No decision by deadline • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
