Why Hershey Stock Soared Today
In 2016, Mondelez International failed in its attempt to buy Hershey (NYSE: HSY). Now more than eight years later, Mondelez is reportedly trying again.
According to Bloomberg, Mondelez just approached Hershey in hopes of acquiring it. And that's why Hershey stock was up 12% as of 1:30 p.m. ET.
Back in 2016, Mondelez tried to buy Hershey for $23 billion. Hershey rejected the offer and it's arguably been a good decision. Since the offer was rejected, Hershey stock is up more than Mondelez stock after factoring in dividends.
Source Fool.com
Hershey Co. Aktie
154,30 €
-0,06 %
Die Hershey Co. Aktie wird von der Community mit mehreren Buy-Einschätzungen unterstützt.
Das Community-Kursziel von 181 € für Hershey Co. deutet auf ein leicht positives Wachstumspotenzial gegenüber 154.3 € hin.
