Mondelez Eyes Hershey Acquisition

Mondelez International is considering acquiring Hershey Co., potentially creating a food giant with nearly $50 billion in combined sales. Hershey's shares surged following the news, while Mondelez's shares dipped. This isn't the first time Mondelez has pursued Hershey, having previously abandoned a $23 billion bid in 2016. Any deal would require approval from Hershey Trust Co., which holds significant voting power. The food industry is facing challenges like declining volumes and consumer pushback on prices, prompting companies to explore consolidation.